Nasdaq Has Agreed To Acquire Adenza, Maker Of Software Used By Banks And Brokerages, In A $10.5B Cash-and-Stock Deal
Portfolio Pulse from Charles Gross
Nasdaq has agreed to acquire Adenza, a software maker used by banks and brokerages, in a $10.5 billion cash-and-stock deal, according to the Wall Street Journal.
June 12, 2023 | 9:47 am
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Nasdaq's acquisition of Adenza could strengthen its position in the financial software market and potentially boost revenues.
The acquisition of Adenza by Nasdaq is expected to strengthen its position in the financial software market, which could lead to increased revenues and a positive impact on its stock price in the short term.
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