NASDAQ buys 15% stake in LSE

"The Nasdaq on Tuesday disclosed that it had acquired slightly less than 15 percent of the London exchange’s shares, paying a total of $782 million. Most of the shares came from Threadneedle Asset Management. Threadneedle had previously been the London exchange’s largest shareholder, making it an important power broker in any attempt to acquire the exchange. Now, Threadneedle is out of the picture, with its entire stake in Nasdaq’s hands."