Nasdaq acquires Adenza for record $10.5 billion – Kommersant
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Nasdaq agreed with the American investment company Thoma Bravo on the purchase of banking software developer Adenza from it. The purchase will cost the exchange operator $10.5 billion, making it the most expensive purchase in the company’s history.
Under the terms of the agreement, Thoma Bravo will receive 14.9% of Nasdaq’s capital and become its largest shareholder. In addition, the investment company will have a seat on the Nasdaq board of directors. The parties hope to close the deal within six to nine months.
So far, Nasdaq’s biggest acquisitions have been OMX in 2007 for $3.7 billion, Verafin in 2020 for $2.75 billion, and the International Securities Exchange for $1.1 billion in 2016.
After the announcement of the purchase of Adenza, Nasdaq shares fell almost 12%, reflecting investor dissatisfaction with the size of the deal.
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