image credit: Pixabay

Ebay’s shares jump 9% after New York Stock Exchange owner eyes takeover bid

February 6, 2020

Via: Charged

Ebay’s shares have jumped around nine per cent after the owner of the New York Stock Exchange reportedly made a takeover bid for the company.

Intercontinental Exchange (ICE) is understood to have approached the online marketplace to explore a range of possibilities including a potential takeover, The Wall Street Journal reported.

On Tuesday ICE confirmed reports that it had approached Ebay to discuss options that could “create value for the shareholders of both companies” but added that these had essentially led to nothing.

Read More on Charged