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Nasdaq close on bid to buy NYSE: report

amny

amny

The owner of the Nasdaq Stock Market is reportedly close to making a hostile bid for its rival, the New York Stock Exchange, potentially thwarting a German takeover of the company.

The Wall Street Journal reported that Nasdaq has been talking to bankers about financing such a bid.

Last month, plans were proposed to merge the German Deutsche Boerse and the NYSE, with the German side controlling 60 percent of the new company.

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