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September 20, 2007

Dubai to Buy Large Stake in Nasdaq

The New York Times reports this afternoon that Borse Dubai is buying a considerable stake in Nasdaq, approproximately 20-30%.

In exchange, Dubai would hand over to Nasdaq the OMX Group, a stock exchange based in Stockholm that also operates in Helsinki, Copenhagen and several other countries in Scandinavia and the Baltic States.

With a 17 percent share, Horizon Asset Management of Seattle is now Nasdaq’s largest investor, according to the exchange.

Read the rest here.

Posted by Becky at September 20, 2007 2:21 PM Posted to Investments/Finance