(Reuters) – Intercontinental Exchange Inc, owner of the New York Stock Exchange, has made an offer to buy eBay Inc in a deal that could value the ecommerce company at more than $30 billion, the Wall Street Journal reported on Tuesday.
The German headquarters of online marketplace eBay is pictured at Europarc Dreilinden business park south of Berlin in Kleinmachnow, Germany, August 6, 2019. REUTERS/Fabrizio Bensch
The companies aren’t currently in formal talks and there is no guarantee eBay would agree to a deal, the report said, citing people familiar with the matter.
EBay’s shares jumped 9.2% to $37.54, while ICE stock fell nearly 4% to $96.14 following the report.
ICE is primarily interested in eBay’s marketplace business, and not its classified unit, which eBay has been considering selling, the report said.
ICE declined to comment and eBay said it would not comment on rumors or speculation.
Earlier on Tuesday activist shareholder Starboard Value LP again called on eBay…
Source Reuters Tech News
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