ICE Approaches eBay With Takeover Offer

Reports state the NYSE parent company ICE, has approached eBay with a takeover offer.

According to a report by the Wall Street Journal, the derivatives and equities trading giant ICE, has made eBay a takeover offer that would value the company above $30 billion.

The two sides have not had formal talks yet, and ICE released a statement following the publication of the Wall Street Journal report noting eBay has not "engaged in any meaningful way," referring to the opportunities ICE has approached them with.

According to the report, ICE approached Ebay for the deal multiple times, and eBay's stock jumped 10% with the news.

This article is not intended to be financial advice. It is not an offer or solicitation of an offer to buy or sell, or as a recommendation, endorsement, or sponsorship of any products, services, or companies. Crypto Block does not provide investment, tax, legal, or accounting advice.

As always, do your due diligence before investing, and never invest more than you can afford to lose.

Photo Credit: MarketWatch

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