London Stock Exchange Group 'considering Nasdaq takeover'
The London Stock Exchange Group is considering a Nasdaq takeover, it has been claimed.
Negotiation strategies are being formulated by the London Stock Exchange (LSE), it has been claimed.
The Sunday Times recently reported that the organisation is considering a takeover bid for rival body Nasdaq, despite a lack of business negotiations taking place between the two.
It claimed that the LSE will pursue the move later in the year, continuing the trend of consolidation among the world's stock markets.
The report follows a deal between the organisation and Canada's TMX Group, which announced they would be combining in February this year.
An unnamed source informed Reuters that Nasdaq has been considering a potential team-up with the CME Group or Intercontinental Exchange in order to make a bid on the New York Stock Exchange.
If the plan goes ahead, it would mark a role reversal for the two organisations. In 2007 Nasdaq unsuccessfully submitted a takeover bid for the LSE, which was rejected by shareholders and eventually lapsed.