Quandl acquired by Nasdaq in cross-border transaction

On Dec. 4, 2018, Nasdaq, Inc. (Nasdaq: NDAQ) announced that it had completed its cross-border acquisition of Quandl Inc., a leading provider of alternative and core financial data. Nasdaq plans to combine Quandl with its existing Analytics Hub business within Global Information Services.

Quandl, based in Toronto, Ontario, provides alternative data and core financial data from over 350 sources to more than 30,000 active monthly users. The company offers a global database of alternative, financial and public data, including information on capital markets, energy, shipping, healthcare, education, demography, economics and society.

Gowling WLG advised the sellers in this transaction with a team that included Brent Kerr and Anita Yuk (corporate/tax); Peter Fairey, Brett Kagetsu and Ian Palm (corporate/M&A); Michael Schalke (employment); Paul Armitage (technology); and Brian Lee (intellectual property).