Cboe to Sell Canada and Australia Exchanges to TMX Group for $300 Million

Cboe Global Markets has agreed to sell its Canadian and Australian equities exchanges to TMX Group for $300 million. This move is part of Cboe’s strategic shift to focus on higher-growth areas like derivatives and digital assets, divesting from smaller, lower-margin cash equity markets. The transaction will allow Cboe to redeploy capital and management attention towards more profitable businesses, while TMX Group will expand its reach and consolidate ownership of competing equity venues in Canada and Australia.

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