An agreement has been reached between the American electronic market NASDAQ and the pan-European stock exchange EASDAQ. According to the latter, NASDAQ would take a large stake in EASDAQ and pull in its wake large American business banks, which would lead to a serious dilution of the stake of existing shareholders. NASDAQ could have up to 60% of the EASDAQ market. A total buy-out is also said to be under discussion but the finances have not yet been studied.