LSE Snubs Nasdaq Bid

BREAKING NEWS

The London Stock Exchange (LSE) rejected late last week a £2.43 billion ($4.2 billion) acquisition bid from the Nasdaq Stock Market, officials at the LSE confirm. The takeover bid values each LSE share at £9.50 ($15.53), representing an eight-percent hike to the current LSE market price, and a 64 percent increase compared to a previous takeover bid by the Australian investment firm Macquarie.

The LSE announced late Friday it had "received a pre-conditional proposal from The Nasdaq Stock Market

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Waters Wrap: The tough climb for startups

Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.

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