NYSE Owner Intercontinental Exchange Reportedly Makes Takeover Bid For eBay

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NYSE Owner Intercontinental Exchange Reportedly Makes Takeover Bid For eBay
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The companies are not in formal talks, but Intercontinental Exchange has made overtures to the e-commerce company before, the Wall Street Journal reported.

Pedestrians walk past eBay Inc. signage at the entrance to the company's headquarters in San Jose,California, U.S., on Tuesday, Jan. 24, 2017. Ebay is expected to release earnings figures on January 25.: The owner of the New York Stock Exchange, Intercontinental Exchange, is interested in taking over eBay in a deal that may value the company at more than $30 billion, thereported that Intercontinental Exchange has previously approached eBay about a deal and recently did so again.

: Ebay sold its ticketing service StubHub for $4.05 billion in response to pressure from activist shareholders Starboard Group and Elliott Management. Those same investors have been applying pressure on eBay to sell its classifieds business, which includes 11 online classified websites across Europe, Canada, Mexico and South Africa.

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