1. Skip to content
  2. Skip to main menu
  3. Skip to more DW sites
Live TV
Latest audioLatest videos
In focus
Russia's war in UkraineGermany's 'Reichsbürger' movementIsrael-Hamas war

Deutsche Börse outbid

April 1, 2011

The US financial giants Nasdaq and ICE have outbid Germany's Deutsche Börse in the fight for who will take control of the stock exchange NYSE Euronext. If the bid succeeds, the NYSE will remain in American hands.

https://p.dw.com/p/10lxn
Deutsche Börse and European flags
Deutsche Börse has been outbid by the American giants Nasdaq and ICEImage: AP

The US stock market Nasdaq and the financial house IntercontinentalExchange (ICE) have outbid Germany's Deutsche Börse in a battle to take over the New York Stock Exchange Euronext (NYSE Euronext).

The Nasdaq OMX group and ICE jointly bid some 19 percent more than Deutsche Boerse, offering $42.5 (30 euros) per share.

If the joint bid of Nasdaq and ICE is successful, NYSE Euronext is set to be broken up. NYSE's derivatives business would go to ICE while Nasdaq would take over its stock markets in New York, Paris, Brussels, Amsterdam and Lisbon.

Deutsche Börse had offered $9 billion (6 billion euros) for NYSE Euronext in February, sparking complaints among US politicians that New York's status as the world's financial capital would be threatened.

Author: Spencer Kimball (Reuters, dpa, AFP)

Editor: Susan Houlton

Skip next section Explore more

Explore more

Traders yelling ion the floor of the New York Stock Exchange

Stock exchanges fight to remain significant

Stock exchanges fight to remain significant

With Deutsche Börse and the NYSE Euronext set to merge, other stock exchanges are looking to forge similar alliances to stay competitive. But the real threat is not in Frankfurt or New York. It's on the Internet. (21.02.2011)
February 21, 2011
Wall Street sign

Wall Street or Wall Strasse? New York traders ponder German merger

Wall Street or Wall Strasse? New York traders ponder German merger

Deutsche Börse and the NYSE Euronext confirmed the terms of their merger on Tuesday. The deal has some New York traders wondering how much German influence will be felt on the trading floor of Wall Street. (16.02.2011)
February 16, 2011
Traders work on the floor of the New York Stock Exchange

New York, Frankfurt stock exchange operators unveil merger terms

New York, Frankfurt stock exchange operators unveil merger terms

Final merger plans between the New York and Frankfurt stock exchange operators are now on the table. But market consolidation across the globe is likely to make regulators wary of a monopoly. (15.02.2011)
February 15, 2011