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Nasdaq Acquires Software Firm Adenza in $10.5B Deal, Expands Financial Technology Offerings

Nasdaq has announced its acquisition of software application provider Adenza for $10.5 billion in cash and common stock. The move is aimed at expanding Nasdaq's offerings in the financial technology space, with Adenza's cloud-based solutions complementing Nasdaq's existing suite of products and services.

The acquisition will also help Nasdaq diversify its revenue streams and provide Adenza with access to Nasdaq's extensive customer base. Despite regulatory challenges, Nasdaq remains optimistic about securing approval for offering crypto custodial services and is continuing to pursue its ambitions in the crypto space.

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