Nasdaq to Purchase Financial Software Firm Adenza from Thoma Bravo for $10.5 Billion

Nasdaq is buying Adenza, a company that makes software used on Wall Street, for $10.5 billion in cash and stock.

The acquisition from owner Thoma Bravo, an investment company, includes $5.75 billion in cash and 85.6 million shares of Nasdaq common stock.

Nasdaq CEO Adena Friedman has been pushing the company further into tech, expanding beyond its roll as a marketplace for trading that is reliant largely on trading volumes to thrive.

Read the source article at usnews.com