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This excerpt taken from the NDAQ DEF 14A filed Apr 20, 2007. Silver Lake Portfolio Companies In December 2005, we acquired Instinet Group, Inc. and simultaneously sold its institutional brokerage business (Instinet) to an affiliate of Silver Lake. In the fiscal year ended December 31, 2006, we made payments of approximately $55.7 million to, and received payments of approximately $19.2 million from, affiliates of Instinet. The payments were in connection with the transaction, primarily under a contract under which Instinet provided clearing services to Nasdaq. During the fiscal year ended December 31, 2006, we paid approximately $7.6 million to, and received approximately $0.3 million from, affiliates of SunGard Data Systems Inc. (SunGard). The payments were in connection with a contract under which SunGard provided on-line processing, software hosting and other services to one of our broker-dealer subsidiaries. Both Instinet and SunGard were portfolio companies of Silver Lake during the fiscal year ended December 31, 2006. Silver Lake holds approximately $141 million of our Series A notes and Series A warrants to purchase 1,523,325 shares of our common stock at $14.50 per share. One of our directors, Glenn H. Hutchins, is a co-founder and Managing Director of Silver Lake. |
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