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Technology Stocks : eBay - Superb Internet Business Model

EBAY 80.75

-3.6%

1:29 PM EDT

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From: Glenn Petersen	2/4/2020 8:01:55 PM
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Report: NYSE owner makes takeover approach to eBay Marisa Fernandez Axios February 4, 2019 eBay's shares rose nearly 10% on Tuesday after the Wall Street Journal reported New York Stock Exchange owner Intercontinental Exchange made a takeover offer for the e-commerce site. The big picture: Intercontinental Exchange has previously approached the commerce giant, WSJ writes, citing people familiar with the matter. Still, the companies are not in formal talks and a deal remains uncertain. -- WSJ speculates the offer could value the company at more than $30 billion, based on a premium to eBay's current $28 billion market cap. -- Intercontinental Exchange is more interested in owning eBay’s marketplace business, rather than its classified unit. -- `Intercontinental Exchange could use the takeover as a way to "apply its technological expertise connecting buyers and sellers" on eBay, WSJ writes. An eBay representative declined to comment when Axios reached out. Go deeper: Trump goes after e-commerce counterfeiting axios.com

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