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NEW YORK — Nasdaq Stock Market Inc. struck a complex deal to sell a 20 percent stake to the state-owned Borse Dubai in return for control of Sweden's leading stock market, but the plan met with some questions from U.S. politicians concerned it would raise security issues.
The sale of the Nasdaq stake is part of a flurry of cross-border handshaking unveiled Thursday that holds potential to remake the already shifting landscape of global stock exchanges.
Qatar said it had bought a 20 percent stake in LSE through the Qatar Investment Authority (QIA) and urged OMX shareholders to take no action on the Dubai/Nasdaq offer. Sources familiar with the matter later said the QIA was buying OMX shares.
In a further dimension of the agreement, Nasdaq will take a 33 percent stake in the Dubai International Financial Exchange (DIFX), to be renamed Nasdaq DIFX. Borse Dubai will use this name in the Middle East, North Africa and South Asia. The pair agreed to a separate joint venture in China.
Originally posted by BitRaiser
I'm not sure what this implies... but I'm not thinking it will be anything good for us people.
Originally posted by marg6043
Papa Bush is going to make a killing with the Carlyle group deal.
[edit on 21-9-2007 by marg6043]