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Nasdaq to buy Adenza for $10.5 bn in its biggest acquisition
short by Mansi Agarwal / on Monday, 12 June, 2023
Nasdaq on Monday announced it would buy software firm Adenza from private equity firm Thoma Bravo for $10.5 billion in its biggest-ever acquisition. As part of the cash and stock deal, Thoma Bravo will get a 14.9% stake in the US exchange operator. Shares of Nasdaq dipped about 12% following the announcement.
read more at Reuters