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Nasdaq to buy eVestment for US$705m

Published Tue, Sep 5, 2017 · 01:44 PM

[NEW YORK] US exchange operator Nasdaq Inc said on Tuesday it would buy cloud-based analytics provider eVestment Alliance LLC for US$705 million.

Nasdaq said it would fund the deal with debt and cash on hand.

Evestment helps institutional investors monitor industry trends and make investment decisions.

REUTERS

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