**Deutsche Börse Eyes $8.8B Allfunds Takeover in Exclusive Deal**
Feeling big M&A energy in fintech infrastructure. Deutsche Börse is in exclusive talks to acquire Allfunds Group—the €8.80/share deal breaks down as €4.30 cash + €4.30 in DB shares (based on 10-day VWAP), plus €0.20 dividend for 2025.
Why it matters: Allfunds operates a critical rails for fund distribution across Europe—think plumbing for institutional asset flows. DB already owns Eurex and Clearstream, so this would be another layer of financial infrastructure consolidation.
The fine print: No guarantees yet—deal needs regulatory green lights, and there's a whole dividend schedule tied to 2026-2027 if it closes. Classic M&A cautionary language, but the fact they went exclusive suggests this is serious.
Big picture: European exchanges and clearing houses are bundling up. How long before the infrastructure stack looks dramatically different? Also watch for antitrust flags—regulators will be paying attention.
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**Deutsche Börse Eyes $8.8B Allfunds Takeover in Exclusive Deal**
Feeling big M&A energy in fintech infrastructure. Deutsche Börse is in exclusive talks to acquire Allfunds Group—the €8.80/share deal breaks down as €4.30 cash + €4.30 in DB shares (based on 10-day VWAP), plus €0.20 dividend for 2025.
Why it matters: Allfunds operates a critical rails for fund distribution across Europe—think plumbing for institutional asset flows. DB already owns Eurex and Clearstream, so this would be another layer of financial infrastructure consolidation.
The fine print: No guarantees yet—deal needs regulatory green lights, and there's a whole dividend schedule tied to 2026-2027 if it closes. Classic M&A cautionary language, but the fact they went exclusive suggests this is serious.
Big picture: European exchanges and clearing houses are bundling up. How long before the infrastructure stack looks dramatically different? Also watch for antitrust flags—regulators will be paying attention.