The New York Stock Exchange’s owner Intercontinental Exchange Inc. has agreed to buy Interactive Data Corp. from its private-equity owners for $5.2 billion.
ICE will pay $3.65 billion in cash and $1.55 billion in its own shares to buy the firm from Silver Lake and Warburg Pincus, according to a statement on Monday. The private-equity firms had considered an initial public offering for the business as recently as last month.
Read Full Story