Exchange Operator ICE to Buy Interactive Data for $5.2 Billion

Deal marks a bet that corporate bonds will increasingly be traded on electronic 

The owner of the New York Stock Exchange is betting billions that corporate-bond trading is moving into the modern era.

Intercontinental Exchange Inc. said Monday it agreed to buy financial-data provider Interactive Data Corp. from private-equity firms Silver Lake and Warburg Pincus LLC for $5.2 billion.  ICE outbid several other suitors, reflecting its view that there is big money to be made from bond-price data as the buying and selling of corporate debt shifts to electronic marketplaces.

Read the full story here:  http://www.wsj.com/articles/ice-to-buy-interactive-data-for-5-2-billion-1445868128

 



COOKIE AND PRIVACY POLICY
By clicking on the proceed button, you are confirming that you have read and agreed to our cookie and privacy policy.