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Why is Nasdaq Inc (NDAQ) Stock down?

12 Jun, 2023:

NDAQ's stock fell 11.79% related to the news that the company would buy financial software company Adenza from Thoma Bravo for $10.5 billion. The deal is part of the company's strategy of diversifying away from its core exchange-based services. However, investors seemed to think the company was overpaying or it was a poor strategic move.

https://www.fool.com/investing/2023/06/12/why-nasdaq-stock-was-falling-today/

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