Qatar Tries To Block Dubai/Nasdaq/OMX Hook-Up

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

MarketWatch is reporting that The Qatar Investment Authority said it’s taken a 20% stake in the London Stock Exchange literally hours after Borse Dubai said it was buying 28% of the LSE from the Nasdaq Stock Market . Qatar is trying to block the Nasdaq deal to buy OMX.

Maybe Nasdaq (NDAQ) shareholders will get lucky and it overly complex deal with OMX and Dubai will be killed by an outsider.

Douglas A. McIntyre

Contact [email protected] for any questions or corrections.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

KMX Vol: 912,062
META Vol: 25,117,608
WY Vol: 2,637,275
NVDA Vol: 75,330,553
STX Vol: 1,689,089

Top Losing Stocks

MRNA Vol: 4,717,198
CTRA Vol: 73,319,495
CRWD Vol: 2,829,414
DDOG Vol: 1,713,234
PANW Vol: 1,859,331