Thursday, February 6, 2020

eBay targeted for potential $30 billion purchase

Chain Store Age
eBay reportedly has a suitor willing to spend more than $30 billion in an acquisition deal.

Following up on an initial report in the Wall Street Journal, Forbes reports that Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, has recently approached eBay about purchasing the e-tail giant. Since eBay’s current market cap is $28 billion, an acquisition could wind up costing ICE more than $30 billion with premiums.. . . more