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ICE is going to pay $ 30 billion for eBay

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ICE is going to pay $ 30 billion for eBay
February 05
13:00 2020

The authoritative publication The Wall Street Journal has published interesting information about the plans of the largest global operator Intercontinental Exchange Inc. (ICE). The fact is that ICE has made a proposal to purchase eBay Inc, which is an online auction. It became known that that was not the first offer; the estimated transaction amount is at least $ 30 billion.

ICE representatives have confirmed that the proposal was indeed made.

EBay is currently valued at $ 28 billion. The purchase premium may be at least $ 2 billion. ICE is interested in eBay’s online auction site, which is its core business. At the moment, only one thing is known – eBay is not interested in selling its central department. They are thinking about selling business through the advert on the company’s sites. The potential value of this department is about 10 billion US dollars.

ICE is changing its strategy when takes an interest in eBay. As a result, there is misunderstanding among investors and a drop in the quotations of the exchange operator by 7.5% per day. At the same time, at the end of yesterday’s session, eBay quotes increased 8.8%.

 

The material was prepared with the participation of Katya Wilson,
a leading analyst of the brokerage company UFT Group

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