No, I won’t use Martin Samuel’s favourite word nor add D2’s C. But this is nonsense:

Rather than criticising the stock exchange for profiteering, or
calling for it to be regulated or restricted, Engels thought it should
be allowed to work its revolutionary genius. The trading of shares
accelerated the concentration of capital and, as a result, the gulf
between the classes widened and the conditions for a socially owned and
planned economy grew more solid.

As the pace of capitalist
development quickened, Engels thought, the prospects for socialist
revolution improved. As the spearhead of capitalist progress, the stock
exchange "should be allowed to deploy perfectly freely, so that even
the most stupid can see where the present economy is taking them".

So
Engels would certainly have welcomed Nasdaq’s £2.7bn offer. As he and
Marx recognised, capitalism was nothing if not a global force, and
arbitrary attempts to restrict its totalising power to nation states
were usually doomed. Livingstone’s demand for the bid to be referred to
the Office of Fair Trading would have been regarded as simply pissing
in the historical wind.

The rise of pension funds and insurance policies has actually meant that capital is vastly more distributed than it was. So, Engels wrong again.