NYSE Parent No Longer Considering eBay Merger

Just days after the informal negotiations were revealed, Intercontinental Exchange (NYSE: ICE), the parent of the NYSE, has said it is no longer interested in pursuing an acquisition of eBay (NASDAQ: EBAY). 

Having defended its pursuit of the online marketplace to investors during its earnings conference call who were apparently less than thrilled, the stock exchange operator said it was no longer interested in a deal. 

"Based on investor conversations following today's ICE earnings call, ICE has decided to cease exploring strategic opportunities with eBay," it said in a statement. But that's OK, because eBay apparently wasn't interested in selling itself anyway.

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Source Fool.com