(Bloomberg) -- Intercontinental Exchange Inc., the owner of the New York Stock Exchange, said it stopped trying to make a deal for EBay Inc.
ADVERTISEMENT
The potential acquisition left analysts questioning Intercontinental’s rationale in seeking to own the consumer online marketplace.
ADVERTISEMENT
“Based on investor conversations following today’s ICE earnings call, ICE has decided to cease exploring strategic opportunities with eBay,” the company said Thursday in a statement.
EBay shares fell almost 7% in extended trading after the announcement.
©2020 Bloomberg L.P.
RECOMMENDED FOR YOU
POPULAR
1
Stock Market Today: All You Need To Know Going Into Trade On May 8
2
Stocks To Watch: Pidilite Industries, JSW Energy, Dr Reddy's Labs, Tata Elxsi, LTIMindtree
3
Larsen & Toubro, Tata Power, Hero MotoCorp Q4 Results Today — Earnings Estimates
4
Pine Labs-Owned Setu Launches Large Language Model Application For BFSI Sector
5