Nasdaq closes PrimeZone Media acquisition

Source: Nasdaq

The Nasdaq Stock Market, Inc. (NASDAQ) (Nasdaq:NDAQ) today announced it has completed its acquisition of PrimeZone Media Network, a privately held, Los Angeles-based firm specializing in press release newswire and multimedia services.

This transaction enables NASDAQ to offer PrimeZone's comprehensive suite of information distribution and multimedia services as part of its Investor Relations and Corporate Communications suite.

PrimeZone's services will be integral to the suite of services offered by NASDAQ's Corporate Client Group. This acquisition follows NASDAQ's first quarter acquisition of Shareholder.com, a leading investor relations service provider; the January 2005 acquisition of The NASDAQ Insurance Agency, a full-service corporate insurance broker specializing in Directors and Officers liability insurance; the creation of Independent Research Network, a joint venture with Reuters to provide public companies with research coverage; and the September 2005 purchase of Carpenter Moore, management liability insurance specialists.

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