The parent company of the New York Stock Exchange abandoned its pursuit of eBay Inc. in a dramatic reversal just days after its interest in a deal became public, triggering a backlash from investors. Intercontinental Exchange Inc., or ICE, said in a statement released after markets closed Thursday that it was giving up on its consideration of “strategic opportunities” with eBay based on conversations with investors after its morning earnings call.

Source: Wall Street Journal February 06, 2020 21:56 UTC