Trading

NYSE owner ICE abandons potential eBay deal

Investors had pushed back against move to acquire e-commerce company

Friday 7 February 2020 at 09:10

NYSE owner ICE abandons potential eBay deal
Photo: Getty Images

The parent company of the New York Stock Exchange has abandoned its pursuit of eBay in a dramatic reversal just days after its interest in a deal became public, triggering a backlash from investors.

Intercontinental Exchange or ICE, said in a statement released after markets closed Thursday that it was giving up on its consideration of “strategic opportunities” with eBay based on conversations with investors after its morning earnings call.