Opening Cross: Beyond Evaluations, Will Buyout Put Interactive Data on ICE?

Last week’s acquisition of Interactive Data by Intercontinental Exchange came as something of a surprise to the data world:  It’s not entirely unexpected that private equity owners Silver Lake Partners and Warburg Pincus wanted to divest the data vendor after a five-year investment—after all, IDC was ostensibly preparing to go public, and there had been persistent rumors that the company was for sale—but rather that ICE was willing to pay a premium to take IDC off the market.

After all, ICE had only just divested one data business—the former NYSE Technologies arm of the New York Stock Exchange, claiming that ICE didn’t want to be in businesses that it didn’t understand—and only recently acquired another in the form of SuperDerivatives, ostensibly to support its clearing operations.

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