Deutsche Boerse buys Axioma for $850 million to create index analytics business
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FRANKFURT (Reuters) - Deutsche Boerse is buying risk management software provider Axioma for $850 million (£652 million), the stock exchange operator said on Tuesday, and plans to merge the unit with its existing index business to create a new analytics firm.The acquisition will be cash neutral for Deutsche Boerse, which in the end will hold 78 percent of the new company, it said. Private equity firm General Atlantic will hold around a 19 percent stake after its $715 million investment, and..