Intercontinental Says It Has Ended Pursuit of EBay

(Bloomberg) -- Intercontinental Exchange Inc., the owner of the New York Stock Exchange, said it stopped trying to make a deal for EBay Inc.

The potential acquisition left analysts questioning Intercontinental’s rationale in seeking to own the consumer online marketplace.

“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.

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