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.

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