Wednesday 23 February 2011

Nasdaq mulls competing NYSE bid - Maktoob News

Nasdaq OMX Group Inc is weighing a bid for NYSE Euronext and will consider selling itself or buying another competitor if it is unable to compete with Deutsche Boerse's NYSE deal, the Wall Street Journal reported on Tuesday.

Citing people familiar with the matter, the Journal said the Nasdaq is scrambling to find another exchange to partner with for a competing bid.

Barring that, the newspaper said the Nasdaq is looking to buy another exchange or sell itself to "avoid marginalization."

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