Tuesday, May 3, 2011

Nasdaq OMX and strategic data center outsourcing

With the ongoing merger and acquisition bids involving NasdaqOMX and IntercontinentalExchange (ICE) attempting to outbid Deutsche Borse’s proposed merger with NYSE Euronext by $11.3bn to $9.4bn the data center strategies of these companies are key. 

Anti-trust regulators said they will be looking closely at each bid and Nasdaq said it would pay NYSE $350m should regulators block its proposed takeover. This offer was rejected by the NYSE Euronext board today (Thursday April 21) with the NYSE board saying the NasdaqOMX ICE bid was not materially different from the one it rejected on April 10th. Nasdaq is concentrating its efforts on convincing NYSE shareholders that its bid represents best value. On Wednesday next week (April 27th) Nasdaq reports its Q1 earnings.

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