New York Stock Exchange Has a Choice Between ‘Two Evils’

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Photo: Spencer Platt/Getty Images

Although the New York Stock Exchange already agreed to a merger with Deutsche Boerse AG, a German exchange, DOJ officials are weighing an unsolicited bid from Nasdaq, which is willing to pay 19 percent. Despite the fact that the NYSE already subjected itself to foreign influence with a merger with Euronext back in 2006, the decision is being painted as a choice between "the lesser of the two evils." What's better for America? Kowtowing to ze Germans? Or letting Nasdaq wipe out its only real competitor in the listings business, which would help the company save $610 million — and fire thousands of employees? [Dealbook, Bloomberg]