Nasdaq to Buy Financial Software Company Adenza in $10.5 Billion Cash-and-Stock Deal

Josef Newgarden (2nd R) is joined by his wife Ashley (R) as he rings the opening bell at the Nasdaq MarketSite in New York on May 30, 2023. Mary Altaffer/AP Photo

Nasdaq is buying Adenza, a company that makes software used on Wall Street, for $10.5 billion in cash and stock.

The acquisition from owner Thoma Bravo, an investment company, includes $5.75 billion in cash and 85.6 million shares of Nasdaq common stock.