ICE has confirmed its interest in buying eBay

UNITED STATES (OBSERVATORY NEWS) — Exchange operator Intercontinental Exchange Inc. (ICE) accessed eBay Inc. with a proposal to buy, probably valuing the company at more than $ 30 billion, writes The Wall Street Journal, citing informed sources.

According to sources, ICE has made an eBay offer in the past and recently turned to the company again. Negotiations between them, however, ended in nothing.

ICE on Tuesday released a message in which it confirmed its interest in the transaction.

“ICE turned to eBay to assess the range of potential value creation opportunities for shareholders of both companies,” the exchange operator said in a statement. “EBay has not shown much interest.”

The market value of eBay, the world’s largest online auction, is more than $ 28 billion and, taking into account the premium that ICE should offer in order to interest the company, the transaction amount may exceed $ 30 billion, writes WSJ.

According to sources, ICE is mainly interested in eBay’s core business – its Internet platform, and not the unit whose sale is being considered by eBay. Earlier it was reported that eBay is evaluating the possibility of selling a business by advertising goods and services sold on its site, the cost of which can be about $ 10 billion.

Buying eBay would be an unusual step for the ICE strategy, and the company’s investors took the news of her interest in an online auction without enthusiasm. ICE shares fell by 7.5% on Tuesday. The value of eBay securities jumped to close the market by 8.8%.

eBay Inc. runs a platform where sellers of any scale can present their products. The company was founded in San Jose, California, in 1995. The site brings together millions of sellers and buyers, sales in the fourth quarter of 2019 amounted to $ 23.3 billion.


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