Home » Investment in Middle East »

|| Internal Memo of NASDAQ CEO on Dubai Deal

Following is an internal memo by Robert Greifeld, the CEO and President of NASDAQ on the deal with Borse Dubai. It is sent by email to NASDAQ employees on September 20 and obtained and published by DubaiBeat.com.

Dear Colleagues,

Early today NASDAQ and Borse Dubai today have announced a series of transactions that will expand our global footprint unlike any exchange on the planet. These agreements represent a significant and positive step forward and catapult us to a leading position in the global exchange space. The following agreements were unanimously approved by the NASDAQ Board:

-- Borse Dubai will become a 19.99% shareholder in NASDAQ (capped at 5% voting rights)
-- NASDAQ will acquire all OMX shares to be purchased by Borse Dubai
-- NASDAQ becomes a strategic shareholder and principal commercial partner in DIFX
-- Borse Dubai will acquire 28% of London Stock Exchange from NASDAQ

We believe these agreements offer the greatest long-term benefit to NASDAQ, its partners and stakeholders. As a result, we complete our deal with OMX, and we gain a strong partner in Borse Dubai who brings many benefits to the table including access to new opportunities in rapidly expanding and emerging markets. The combined entity will have operations spanning the U.S., Europe and the Middle East.

I am in Sweden today with our colleagues from NASDAQ, OMX and Borse Dubai to conduct meetings with the press, analysts and investors. Our colleagues in New York, Trumbull, Washington and Rockville are supporting our efforts today in Sweden.

I know there’s a lot to digest and that you undoubtedly have many questions. We will schedule an employee call shortly to answer all of your questions. In the meantime, I invite you to join me for the U.S. investor conference call today at 8:00 a.m. ET, which you can access through our investor Website . You can also read more about today’s developments in the press announcement we issued earlier.

I hope you’ll agree today’s events represent a decisive step for the NASDAQ Stock Market—one in which we will build upon in the days and weeks to come. I look forward to speaking with you soon.


Bob G.

Previous Post: Dubai to own 20% of NASDAQ, 30% of LSE
Next Post: Warner Bros. Enters the Middle East

More from Investment in Middle East ...

  JPM, London fund invest $20 million in Dubai e-commerce firm (September 2012)

  Souq.com merges private shopping portal Sukar.com in its operations (April 2012)

  UAE early stage investor Saffar Holding to exit its investment in Zawya (April 2012)

  How to sell your Middle Eastern media firm - 7 lessons from Flip Media acquisition (February 2012)

  Publicis Groupe acquired Dubai-based digital agency Flip Media (February 2012)

  Carlyle Group acquires 42% stake in Domino's Pizza MENA master franchise (December 2011)

  Middle East e-commerce website MarkaVIP raised $5 million (December 2011)

  Jabbar acquired remaining stake in Cobone.com from GBG to become the sole owner (July 2011)

  Naspers acquired stake in Dubai-based classified website (June 2011)

  Intel Acquires Egypt-based SySDSoft (March 2011)

|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.

|| Subscribe

Copyright 2007-2017 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter