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Gasparino: Nasdaq Could Go Private

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  • Description

    FBN's Charlie Gasparino on the Nasdaq talking to Carlyle Group about taking the company private.

  • Duration 5:16
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This transcript is automatically generated

It is for you on the NASDAQ can talk about the NASDAQ -- actually the market.

The exchange looking for a buyer may be taken private.

Senior correspondent I guess rail market in the story joins us now what do you know know what we do know is that NASDAQ sources that on the -- does that -- so what's been described as.

-- preliminary but very serious talks with Carlyle group to be private equity firm.

Possibly to take.

Take NASDAQ right now these discussions occurred.

About three weeks ago from we -- who will we heard is that they work they were preliminary -- word they work.

They were serious but they broke up -- price they couldn't they couldn't come to court price a lot of people think of NASDAQ it's gonna go private.

You know this is an eight billion dollar deal there's a lot of moving parts with this.

We should point out that it on time is pretty good right now that the company's private you see what's going I would tell you can get cheap debt financing.

And kind of interest in right as the deal deal was going down.

These talks were happening between Carlyle NASDAQ now this up some interest -- issues here.

Like I said we we're gonna have a story on the fox and fox -- dot com a kind of lays all this out.

They they -- from what I -- they are not to talks right now however what I understand is that could change -- is still.

And opened sort of cool game for Bob -- filled the -- at the CEO of NASDAQ needs to consider.

Options now given the competitive landscape we do know that the cash equities business having to trading of equities.

Going to major exchanges has fallen off dramatically -- those -- that trading would exchange's matched by consoles us stocks are going to what's known as dark pools more and more.

We do know that there's a listing war going on between the NASDAQ in the New York Stock Exchange NASDAQ is -- got the FaceBook IPO it but it's -- other -- He does however allow -- -- but -- yeah.

But -- that we won't get into that could actually got bad deal that gives them victims of a few bucks but you know a lot of these technology listings that NASDAQ was.

For first and foremost in.

A lot of them are now going to new York stock and -- major competitive issues here.

The cash equities business not what it was.

Right -- is trying to remake the company premises enters into becoming much more.

Of an information gathered to remember they -- they.

I think was a month ago they -- Thomson Reuters information services platform.

The deal is to cross sell that corporate communications.

Investor relations with their with their listing companies somehow make the -- work.

If you gonna do this a lot of people think it's better to do this not as a public company which every quarter has to show earnings growth.

But do it.

As a private company at least that's what was behind these talks we we shall appoint -- -- that they can correlate that had no comment.

But I tell you this is that there's -- whole thing with this this could -- since this is likely to come back because the NASDAQ is in a pretty tough competitive situation.

New York Stock Exchange merging with ice.

Major players CMB.

Major player.

You know NASDAQ is is of -- -- -- market cap is five billion dollars we sometimes take a particular interest in the personalities involved most types of things mean obviously this is not Michael Dell the founder of the company but what about.

Bob -- felt his future if NASDAQ -- to go private that's a great -- great question to Bob -- -- is a personality on Wall Street obviously major player among the exchanges.

Are fiercely independent and I will say this you know he's -- try to ease ease danced around and tried to do other deals member.

He made a play for the New York Stock Exchange back in 2011 story that we broke first here on the fox -- network he teamed up.

With that that with with Jefferies -- of the IntercontinentalExchange.

Which now teamed up with the -- stock exchange to try to go Adam York stock exchange as.

As -- as a hostile the regulators shut that down.

A lot of times Bob Greifeld what wanna be -- the one of the knocks on the sort of posit that it's very good manager -- amazing cost cutter wants -- wants to run the whole show.

And that could hurt him even at a private they'll remember.

Alicia Michael Dell and you worth fourteen billion I don't think that Bob is is worth fourteen billion you could throw your own skin in the game which I -- that that means -- this is private.

Him running all of Microsoft's head count -- -- there.

What Microsoft is a listed company you'd never know so was -- -- -- but Alicia got that sort of stroke and that that that you know you.

It's hard to be held Carlyle how to run the business we shall support out what the fort -- I'm sorry -- idea of Friedman.

Long time now as big deal maker.

-- -- nasdaq's now the CFO of Carlyle that was a key part of this deal she's a dealmaker she helped NASDAQ by the Philly exchange the Boston stock exchange the all next which is -- bunch of nordic exchanges that that created the modern NASDAQ.

She's a major player here that was one of the reasons that was awesome together -- -- the talks of sorry not just broadly what -- NASDAQ do as a private company.

When they can't do -- that's the knock -- -- but you know if you really wanna remake yourself and you know here's the the theory about going private.

If you want -- and which is what they have to do the cash equities business is not what once was.

Because of rule making you could trade off these exchanges Dick Grasso used to get 80% of the order flow.

Delivered of his list the company anybody gets into an NYSE company used to go to the New York Stock Exchange because of him he's to put that hammered bouncing -- -- have a best price.

I think it's a look now I think it's 20% to their prices stuck its intraday it would go up.

Well that's on the news that you asked for a trial I hope so.

Just don't necessarily process -- my -- OK you're -- advertiser talked effects are great reporting and we'll check back and I say foxbusiness.com story -- coming up -- -- -- -- -- --

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