NASDAQ's Deal With Toma Bravo

Toma Bravo is a private equity firm and they created a densa this software company in 2021 by piecing together two businesses. NASDAQ approached them with an offer the deal price is ten and a half billion dollars that's five and three quarters billion dollars in cash and a lot of stock. UBS called the deal price steep 31 times eBITDA or about twice NASDAQ's valuation. It says it expects the deal to subtract from earnings for the next two years and ultimately add six percent to earnings but not until 2027.