Nasdaq to Buy Adenza for $10.5 Billion
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Nasdaq is tapping the Andrew Carnegie playbook on vertical integration.
On Monday, the financial market that operates stock exchanges in New York, Boston, and Philadelphia, agreed to purchase software company Adenza for $10.5 billion. It marks not only Nasdaq's most expensive deal in its 52-year history, but also the latest move by stock exchanges to diversify beyond transaction services to offer data and risk management as well.
Source Fool.com
