Nasdaq Buying Software Maker Adenza for $10.5 Billion

NASDAQ, the second largest U.S. stock exchange, has agreed to acquire financial software maker Adenza for $10.5 billion. The CEO of NASDAQ believes this acquisition will allow them to offer a broader range of solutions that enhance the financial system's liquidity, transparency, and integrity. However, the market reacted negatively, with NASDAQ's stock experiencing its worst day since March 2020. Adenza provides financial services software to hedge funds and banks, and NASDAQ aims to create a less volatile revenue base through this acquisition. Despite the long-term potential, investors are currently skeptical, as reflected in the stock's decline.

What is the primary reason NASDAQ is acquiring Adenza?

• To expand its range of financial solutions

• To reduce its workforce

• To enter the retail market

• To increase its stock price immediately

How did the stock market react to NASDAQ's acquisition announcement?

• The stock price remained unchanged

• The stock price increased by 7.8%

• The stock price decreased by 9.1%

• The stock price increased by 9.1%

What type of software does Adenza provide?

• Retail management software

• Financial services software

• Educational software

• Healthcare management software

Who is the private equity investor involved in the NASDAQ-Adenza deal?

• BlackRock

• Sequoia Capital

• Goldman Sachs

• Tom Abravo

What is the long-term outlook for NASDAQ after acquiring Adenza?

• Negative due to high costs

• Positive with potential growth

• Neutral with no significant changes

• Uncertain due to market volatility