eBay: ICE denies bid intention, shares fall

(CercleFinance.com) - Intercontinental Exchange said that it is not in negotiations to buy all or part of eBay, hitting the e-commerce group's shares, which had previously risen on press speculation of a potential bid.


"ICE approached eBay to explore a range of potential opportunities that might create value for the shareholders of both companies," the owner of the New York Stock Exchange said in a statement today.

"eBay has not engaged in a meaningful way," it added.

The eBay stock jumped almost 9% on Tuesday on reports of a potential interest from ICE, but fell back today: the shares are currently trading down 1.6% on the Nasdaq.

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