The Intercontinental Exchange (ICE), owner of the New York Stock Exchange (NYSE), revealed strategies to acquire eBay’s market service in a deal estimated at $30 billion. Two days later, the prospective deal was off.
started in earnest with another ICE statement confirming the Wall Street Journal’s report however likewise stating eBay hadn’t engaged.”ICE approached eBay to check out a series of potential opportunities that might develop worth for the investors of both companies,” that statement stated.”eBay has actually not engaged in a significant way. We are not in negotiations concerning the sale of all or part of eBay.”In a declaration to CNBC, an eBay spokesperson said,”The eBay Board is aligned and open to all value-enhancing options. The board is extremely engaged and has acted, and will continue to act, consistent with its focus on shareholder value.”The Wall Street Journal noted ICE had actually approached the market about acquiring the online market, not the classifieds company. ICE reported Q4 consolidated
The factor for the turnaround? Financiers pressed back hard, apparently.
net income of$448 million on$1.3 billion of combined income. For the complete year, consolidated net earnings was$1.9 billion on$5.2 billion of combined
According to CNBC, after the takeover news became public Feb. 4, eBay shares rose 8.7%however ICE stock fell 7.4%. The Wall Street Journal said ICE stock fell another 3%Feb. 6, removing more than $5 billion in market value. After the marketplaces closed Feb. 6
, ICE said it was shelving any prospective deal.”Based on financier conversations following today’s ICE revenues call, ICE has decided to cease checking out tactical opportunities with eBay,”an ICE declaration said. The decision came approximately 48 hours after the whirlwind
, after the takeover news became public Feb. 4, eBay shares increased 8.7%but ICE stock fell 7.4%.”ICE approached eBay to check out a range of potential chances that might create value for the shareholders of both companies,” that declaration stated., an eBay spokesperson stated,”The eBay Board is aligned and open to all value-enhancing alternatives. The Wall Street Journal kept in mind ICE had actually approached the marketplace about obtaining the online market, not the classifieds organisation.