Exchange operator Nasdaq (NDAQ.O) has agreed to buy financial software firm Adenza from private-equity firm Thoma Bravo for $10.5 billion in a cash and stock deal, it said on Monday.
The deal is expected to help growth at the stock exchange operator, which is trying to diversify and reposition itself as a financial technology company under Chief Executive Officer Adena Friedman.
Shares in the company fell 1.5% in premarket trading on the news. The Wall Street Journal reported on the deal earlier.
