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Nasdaq to buy analytics firm eVestment for $705 million


Nasdaq (NDAQ) will acquire content and analytics provider eVestment for $705 million funded through a mix of debt and cash on hand. eVestment provides institutional investors with a database for traditional and alternative strategies to facilitate investment decisions. eVestment has more than 2,000 clients, including 92% of the top asset managers, 76% of the top consulting firms and 80% of the top 20 pension funds.

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