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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Intercontinental Exchange Inc | NYSE:ICE | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.33 | -0.25% | 133.39 | 133.99 | 132.2469 | 133.99 | 1,405,234 | 21:25:05 |
By Colin Kellaher
Intercontinental Exchange Inc. (ICE) on Wednesday said it agreed to buy Bridge2 Solutions, a provider of loyalty solutions for merchants and consumers, for an undisclosed amount.
The owner of the New York Stock Exchange said it will then sell Bridge2 to Bakkt, its majority-owned bitcoin-futures platform unit.
ICE said Bakkt will acquire Bridge2 using proceeds from its Series B funding round, which is expected to close later this quarter.
ICE said the acquisition won't have a material impact on its earnings and won't affect its capital-return plans.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 05, 2020 09:46 ET (14:46 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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