Tuesday, August 28, 2007
Nasdaq may have problems selling its 31% stake in the London Stock Exchange, valued at about $1.63 billion. It's the familiar problem -- who wants to own a significant minority stake in a company when those in control have no interest in selling? Nasdaq tried for a year to merge with LSE, but now has turned its sights to the Nordic exchange operator OMX AB and faces serious competition from the Borse Dubai. On the other hand, LSE is a "trophy property," and a number of possible buyers have expressed interest. WSJ, Browsers, but No Buyers, for an LSE Stake.