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- International Exchange has approached eBay to look at opportunities that will benefit both the companies and their respective shareholders.
- The discussion regarding ICE and Bakkt’s aim to purchase eBay’s trading platform has been going around for a while.
- Bakkt Foundation, which is already owned by ICE, is working with institutional investors to develop a consumer Bitcoin application.
International Exchange has approached eBay to look at opportunities that will benefit both the companies and their respective shareholders. However, eBay hasn’t responded properly. They claimed that there hadn’t been any negotiations related to the sale of eBay, either wholly or partially.
The discussion regarding ICE and Bakkt’s aim to purchase eBay’s trading platform has been going around for a while. Experts at the Wall Street Journal have estimated that such a deal would cost around $30 billion.
Wall Street Journal says that it isn’t the first attempt from ICE to acquire eBay. Bakkt Foundation, which is already owned by ICE, is working with institutional investors to develop a consumer Bitcoin application.
Anthony Pompliano, the co-founder of Morgan Creek Digital, thinks that it is a positive deal. In a tweet, he wrote,
WHOA.
The owner of the New York Stock Exchange is thinking about taking over eBay at a valuation of more than $30 billion.
This is the same company that realized the importance of Bitcoin enough to start Bakkt.
Would be incredible to combine NYSE, Bakkt, & eBay under one roof.
— Pomp 🌪 (@APompliano) February 4, 2020
In 2019, the recognition of cryptocurrency by ICE came to an end with the launch of Bakkt. The beginning of the Bakkt platform was slow, but it gained momentum with time, and by the end of December, it began issuing Bitcoin options.
Over the twenty years of its existence, ICE has a record of creating shareholder value, both through growth and buying of other companies. ICE has always looked forward to enhancing the returns for its shareholders and will continue to do so.
It is still unclear if eBay will agree with ICE and if we will see Bakkt, eBay, and Bitcoin under the ICE umbrella. As of now, eBay, which launched in 1995, has over 183 million users all over the globe, making it kind of difficult for ICE to take over.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
