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December 2, 2008 7:25:41 AM CST


OMX

OMX news stories

2 Stories

Dubai Buys Nasdaq, LSE Shares

Oil-rich emirate looks
to diversify, picks up 20% of big indexes

(Newser) - Dubai will buy substantial stakes in two stock markets in an attempt to diversify its holdings beyond petroleum, Bloomberg reports. Borse Dubai, the emirate's investing arm, will acquire almost 20% of the Nasdaq and 28% of the London Stock Exchange. The Nasdaq purchase includes a deal for a Norwegian exchange as well and gives Nasdaq its first foothold in Europe. More »

More about:  Nasdaq stocks Dubai London Stock Exchange OMX

(Newser) - Nasdaq is giving up its bid to buy control of the London Stock Exchange and will sell its $1.58 billion stake in the blue-chip listing venue, reports the Wall Street Journal . Owning almost a third of the shares in the London exchange gave Nasdaq little control over operations, and efforts to buy a bigger stake were rebuffed by London management and shareholders. More »

More about:  stock market Nasdaq European markets London Stock Exchange OMX

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