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Knight Capital to sell itself to Getco Holding: sources


    NEW YORK (Reuters) - Knight Capital Group agreed to sell itself to Getco Holding Company LLC, beating rival high-speed trading firm Virtu Financial LLC, according to two people close to the negotiations.

    Though Virtu had offered an all-cash deal, Getco and its private equity firm General Atlantic increased its offer to above $3.60 a share in cash and stock in the combined company, one source said. Under Getco's plan, Knight Chief Executive Thomas Joyce would give up his role.

    A spokeswoman at Knight was not immediately available for comment.

    (Reporting by Jed Horowitz; Editing by Jan Paschal)

    (This Dec. 18 story was corrected to remove Exclusive tag from headline and slug. Dow Jones reported the news earlier)