:Exchange operator Nasdaq has agreed to buy financial software firm Adenza from private-equity firm Thoma Bravo for $10.5 billion in a cash and stock deal, it said on Monday. The deal is expected to help growth at the stock exchange operator, which is trying to diversify and reposition itself as a financial t
:Exchange operator Nasdaq has agreed to buy financial software firm Adenza from private-equity firm Thoma Bravo for $10.5 billion in a cash and stock deal, it said on Monday.
The deal is expected to help growth at the stock exchange operator, which is trying to diversify and reposition itself as a financial technology company under Chief Executive Officer Adena Friedman. Shares in the company fell 1.5 per cent in premarket trading on the news. The Wall Street Journal reported on the deal earlier.
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