M&A Deal Summary

Nasdaq Acquires eSpeed

On July 3, 2013, Nasdaq acquired financial services company eSpeed from BGC for 1.2B USD

Acquisition Highlights
  • This is Nasdaq’s 4th transaction in the Financial Services sector.
  • This is Nasdaq’s 3rd largest (disclosed) transaction.
  • This is Nasdaq’s 9th transaction in the United States.
  • This is Nasdaq’s 3rd transaction in New York.

M&A Deal Summary
Date 2013-07-03
Target eSpeed
Sector Financial Services
Buyer(s) Nasdaq
Sellers(s) BGC
Deal Type Divestiture
Deal Value 1.2B USD

Target

eSpeed

New York, New York, United States
eSpeed operates a fully executable central limit order book for electronic trading in U.S. Treasuries.

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Buyer(S) 1

Buyer

Nasdaq

New York, New York, United States
Category Company
Founded 1971
Sector Financial Services
Employees6,377
Revenue 741M USD (2023)
DESCRIPTION
Nasdaq OMX office in Stockholm.
Nasdaq OMX office in Stockholm.

Nasdaq is an exchange company. With over 3,900 listed companies, it delivers trading, exchange technology and public company services across six continents. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market; the OMX Nordic Exchange, including First North; and the 144A PORTAL Market. Nasdaq was founded in 1971 and is based in New York City.

DEAL STATS #
Overall 14 of 30
Sector (Financial Services) 4 of 6
Type (Divestiture) 4 of 6
State (New York) 3 of 5
Country (United States) 9 of 16
Year (2013) 1 of 1
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-12 Thomson Reuters - IR PR and Multimedia Services

New York, New York, United States

Thomson Reuters' Investor Relations, PR, and Multimedia Services units help customers communicate with investors and media and create and distribute video presentations.

Buy $390M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-05 Dorsey Wright & Associate inc.

Richmond, Virginia, United States

Technical investment research and money management service provider to brokers, wealth managers, and individual investors.

Buy -

Seller(S) 1

SELLER

BGC

New York, New York, United States
Category Company
Founded 1945
Sector Financial Services
Employees3,856
Revenue 2.0B USD (2023)
DESCRIPTION

BGC is a global brokerage company primarily servicing the wholesale financial and real estate markets. Products include fixed income securities, interest rate swaps, foreign exchange, equities, equity derivatives, credit derivatives, commercial real estate, commodities, futures, and structured products. BGC also provides a wide range of services, including trade execution, broker-dealer services, clearing, processing, information, and other back-office services to a broad range of financial and non-financial institutions. BGC was incorporated in 1945 and is based in New York City.

DEAL STATS #
Overall 1 of 4
Sector (Financial Services) 1 of 2
Type (Divestiture) 1 of 2
State (New York) 1 of 2
Country (United States) 1 of 2
Year (2013) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-02-25 Sterling International Brokers

London, United Kingdom

Sterling International Brokers Ltd. is a broking firm specializing in Sterling and other major currency transactions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-14 Heat Energy Group

Juno Beach, Florida, United States

Heat Energy Group LLC ("HEAT") is an independent over-the-counter energy brokerage company focused on the regional term power markets and natural gas swaps.

Buy -
Mergr

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