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Big Law

Deutsche Boerse buys Axioma for $850 million

Deutsche Boerse is buying risk management software provider Axioma for $850 million, the stock exchange operator said, and plans to merge the unit with its existing index business to create a new analytics firm.

The acquisition will be cash neutral for Deutsche Boerse, which in the end will hold 78 percent of the new company, it said.

Read the source article at lexblog.com

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