:Nasdaq on Monday said it will buy Thoma Bravo-owned software firm Adenza for $10.5 billion, in what would be the exchange operator's biggest acquisition as it speeds up its push to become a more tech-focused company. The purchase, consisting of $5.75 billion in cash and 85.6 million shares of Nasdaq common
:Nasdaq on Monday said it will buy Thoma Bravo-owned software firm Adenza for $10.5 billion, in what would be the exchange operator's biggest acquisition as it speeds up its push to become a more tech-focused company.
Nasdaq said it intends to issue about 14.5 per cent of its outstanding shares to the owners of Adenza, which is controlled by Thoma Bravo. "With Adenza, we will have a more complete suite of essential software and technology solutions that make managing risks and complying with regulations simpler and more efficient for our clients," said Tal Cohen, president of Market Platforms at Nasdaq.
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