OMX

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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... More »

Nasdaq Gives Up Bid to Control London Exchange

Will sell 31% stake

(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... More »

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