Deutsche Boerse in Talks to Buy Fund-Tech Platform Allfunds in $6 Billion Deal

Deutsche Boerse DB1 2.22%increase; green up pointing triangle said it is in talks with European fund-technology company Allfunds on a possible acquisition valued at around $6 billion.

The German stock-exchange operator said Thursday that it had made a nonbinding proposal to acquire Allfunds for 8.80 euros a share. That would imply an equity value of 5.29 billion euros ($6.13 billion) for the company, based on data taken from FactSet.