N.Y.S.E. Owner to Buy Interactive Data for $5.2 Billion

The Intercontinental Exchange said on Monday that it had agreed to buy the Interactive Data Corporation, a big publisher of financial data, for about $5.2 billion, the exchange’s biggest takeover since acquiring the New York Stock Exchange.

The offer from ICE, as the Intercontinental Exchange is known, is roughly 70 percent in cash and the remainder in stock.

ICE beat out a rival exchange operator, Nasdaq, and the financial data publisher Markit in a highly contested auction for Interactive Data, known as I.D.C.

Read the full story here:  https://www.nytimes.com/2015/10/27/business/dealbook/nyse-owner-said-to-buy-interactive-data-for-5-2-billion.html?_r=3



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