London Stock Exchange mulls Nasdaq takeover: report

Reuters News
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Posted: Mar 22, 2011 10:33 AM

LONDON (Reuters) - The London Stock Exchange is eyeing a takeover of its rival Nasdaq just weeks after announcing a merger with the Toronto stock exchange, the Sunday Times reported.

The companies have not held talks, but plan to make their move for a three-way tie-up later this year, the newspaper said without citing sources.

Last month, the LSE agreed to merge with TMX Group, operator of the Toronto Stock Exchange, in a 3.1 billion pound ($5 billion) deal.