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Nasdaq's move on NYSE Euronext: the pros and cons

Nasdaq OMX is reportedly hoping to launch a joint bid with IntercontinentalExchange for NYSE Euronext: Financial News weighs up five reasons for and against of such an audacious deal

Bob Greifeld is not a man to shy away from complex deal-breaking. In fact, the Nasdaq OMX chief executive could be looking to pull off one of the most complex and audacious deals of his career: breaking up the announced mega-merger between NYSE Euronext and Deutsche Börse.

According to reports, Nasdaq OMX is looking to carry out a joint bid with US derivatives exchange IntercontinentalExchange for NYSE Euronext that could be valued at as much as between $10bn and $13bn. Nasdaq would reportedly pay between $5bn and $7bn for its piece.

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