Intercontinental Exchange Throws Cold Water on eBay Takeover

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Yesterday we reported the Wall Street Journal claims Intercontinental Exchange (ICE) has made a takeover offer for around $30 billion to purchase the core eBay marketplace.

Once the report got some wide coverage in the media, ICE put out a statement that appears to throw cold water on a “quick takeover.”

“ICE approached eBay to explore a range of potential opportunities that might create value for the shareholders of both companies. eBay has not engaged in a meaningful way. We are not in negotiations regarding the sale of all or part of eBay.”

eBay has not publically responded to the takeover report. However, the company did respond to a letter from Starboard Value LP that is attempting to push the marketplace to accelerate the sale of the classifieds group.

What are your thoughts on this week’s eBay news?

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