Nasdaq (NDAQ) and Borse Dubai are both bidding for the Nordic exchange owner OMX. And, the price is up to about $4 billion. At the same time NDAQ is trying to sell its 31% of The London Stock Exchange. It made a run at buying the UK operation, but it went no where. NDAQ is currently shopping its shares for $1.6 billion.
NDAQ has had very little success diversifying overseas, unlike its US rival NYSE Euronext (NYX).
So, Nasdaq may adopt an "if you can’t beat ’em, join em" approach to OMX. According to The Daily Telegraph Dubai and Nasdaq are looking at a joint bid to own the Nordic operation together.
Pretty clever. NDAQ sells its London interest, it may be able to flip that into a new ownership of OMX without having to find much additional capital. And, a three-way alliance including the Middle East, Europe, and the US could be a very good business.
NSAQ can’t afford to lose this bid and linking up with the rival bidder would hedge that problem.
Douglas A. McIntyre
Essential Tips for Investing (Sponsored)
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
