Intercontinental Exchange Shares Rise After Company Stops Considering eBay Deal
February 07 2020 - 10:49AM
Dow Jones News
By Allison Prang
Shares of Intercontinental Exchange Inc. (ICE) rose 4.5% Friday
morning, a day after the company killed plans to buy eBay Inc.
The Wall Street Journal reported Tuesday that ICE had offered to
buy eBay in a deal that could have valued eBay at over $30 billion.
Later that day, ICE, which owns the New York Stock Exchange,
confirmed it was interested in a deal with eBay.
Shares of ICE closed down 7.5% that day.
ICE on Thursday cited talks it had with investors in its
decision to stop looking at "strategic opportunities" with
eBay.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
February 07, 2020 10:34 ET (15:34 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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