Nasdaq to acquire Fin-Tech company

Nasdaq to acquire Fin-Tech company

Nasdaq has revealed its plan to acquire Cinnober, a fin-tech provider, under a $190 million deal. The chief executive of Nasdaq, Adena Friedman stated, “This acquisition will enhance our ability to serve market infrastructure operators worldwide, and will accelerate our ability to expand into new growth segments.” Nasdaq would pay the acquisition cost with either cash on hand or on credit.

Leave a Reply

Your email address will not be published. Required fields are marked *