Nasdaq, Borse Dubai in deal to acquire OMX

09/20/2007 | Reuters · Financial Times (free content)

Borse Dubai took key stakes in Nasdaq and the London Stock Exchange as part of a deal with Nasdaq to buy Nordic markets operator OMX and create "a global financial marketplace." In return for its 20% stake in Nasdaq, Borse Dubai will give Nasdaq a share of Dubai International Financial Exchange, which will be rebranded with the Nasdaq name and licensed to use Nasdaq and OMX market technology. "The combination will create the largest global network of exchanges and exchange customers linked by technology," said Nasdaq's chief executive officer and president, Bob Greifeld.

View Full Article in:

Reuters · Financial Times (free content)

Published in Brief: