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The Nasdaq Stock Market


may be taking a Scandinavian detour on its flirtation with the London Stock Exchange.

The tech-heavy US stock market is considering buying the operator of the OMX, a Swedish-based company that runs several Scandinavian exchanges, according to the

Financial Times

. The newspaper says the negotiations are in their preliminary stages.

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The Nasdaq's reported interest in the OMX comes as many suspect the US exchange may launch another hostile bid for the LSE. Earlier this year, the Nasdaq acquired a 25.1% equity stake in the LSE, after the London market rebuffed an unsolicited takeover offer by the Nasdaq.

Last month

reported that Nasdaq CEO Bob Greifeld is spending much of the summer trying to hammer out a

financing scenario. that would enable the U.S. exchange to buy the rest of the LSE that it doesn't already own. People familiar with the Nasdaq say the exchange could try to make another play for the LSE at the end of September -- the first time it's eligible to launch a formal takeover bid under British law.

The FT says Nasdaq will continue to pursue a deal with the LSE, even as it makes a run at the OMX.