Tradeweb Markets Inc. (NasdaqGS:TW) completed the acquisition of Yieldbroker Pty Limited from ASX Limited and others for approximately AUD 140 million.
Tradeweb Markets Inc. (NasdaqGS:TW) completed the acquisition of Yieldbroker Pty Limited from ASX Limited (ASX:ASX) and others for approximately AUD 140 million on August 31, 2023. As reported, the purchase price was AUD 123.6 million, net of cash acquired and prior to working capital and other closing adjustments. ASX Limited completed the sale of its entire minority interest in Yieldbroker Pty Limited for net proceeds of AUD 54.7 million. The transaction was subject to a number of conditions, including regulatory approvals, which have been satisfied. Tradeweb also acquired $12.753 million (AUD 19.3 million) of cash and cash equivalents of Yieldbroker.