This is a week old (hey, I was busy getting all giddy about the Hewlett Packard/Larry Sonsini mess), but I'm a little surprised that this news from the London Observer ("Nasdaq may launch hostile bid for LSE") didn't receive more press here in the U.S.
The general word from anyone not associated with NASDAQ or the LSE is that they can't understand how such a merger can possibly make business sense. They can't merge their trading platforms because of regulatory differences. There's not much technology exchange that couldn't be done more cheaply through licensing agreements. But, hey, what do I know. And, besides, NASDAQ has already shot its bond rating to junk with just 25 percent ownership of the LSE--why not go for broke?
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