Intercontinental Exchange to Buy Interactive Data Corp. for $5.2B

Intercontinental Exchange agreed to buy Interactive Data Corp. from Silver Lake and Warburg Pincus for about $5.2 billion, ending the financial-data provider's bid to go public. IDC competes with companies including Bloomberg LP and Thomson Reuters Corp. in providing pricing and data services to traders, portfolio managers and risk and compliance teams at financial institutions. Silver Lake and Warburg Pincus LLC bought IDC in a 2010 leveraged buyout deal valued at roughly $3.2 billion. The pair of firms have been weighing a sale of the company as well as an initial public offering, in what is known as a "dual-track" process. It filed publicly for an initial public offering earlier this month, but The Wall Street Journal had reported a number of companies, including Nasdaq Inc. and Markit Ltd., had expressed interest in a buyout. The deal with ICE is made up of $3.65 billion in cash and $1.55 billion in shares. In 2014, IDC reported revenue for the year at $939.2 million and a loss of $36 million. ICE will hold a conference call on Wednesday morning to review its third-quarter results and review the transaction details. Write to Lisa Beilfuss at

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