(Reuters) – London-listed trading platform IG said it plans to buy online brokerage tastytrade for $1 billion, as it ramps up its presence in the United States after a stellar year for the industry due to coronavirus-driven market volatility.
The deal consideration would be made through $300 million in cash and the issuance of 61 million IG shares, the company said on Thursday.
(Reporting by Indranil Sarkar and Muvija M in Bengaluru; Editing by Krishna Chandra Eluri)
