By Paritosh Bansal and Nadia Damouni

The London Stock Exchange is eyeing a takeover of its rival Nasdaq just weeks after announcing a merger with the Toronto stock exchange, the Sunday Times reported.

Although the companies have not held talks about a three-way tie-up, LSE and its Canadian counterpart expect to make their move later this year following the closing of their own deal, the newspaper said without citing sources.

A Nasdaq spokesman declined to comment.

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