Nasdaq weighing sale of part equity, says report

Mumbai: Nasdaq Stock Market Inc is considering sale of a piece of itself to an overseas investor to help it seal a deal to buy Nordic exchange operator OMX AB, the Wall Street Journal reported on its online edition.

Citing people familiar with the matter, the Journal said, it is unclear if Nasdaq will ultimately resort to this approach. Nasdaq faces competition for OMX from Borse Dubai.

If the Swedish government rules that Dubai can move ahead with its merger proposal, Nasdaq may seek to win the OMX by possibly selling a stake in itself to Dubai in exchange for Dubai dropping or modifying its OMX bid, the report said.