Intercontinental Exchange to buy IDC for $5.2 billionStaff writer ▼ | October 26, 2015
Intercontinental Exchange Inc. (ICE) said it would buy financial data firm Interactive Data Corp. (IDC) from investment firms Silver Lake and Warburg Pincus in a deal valued at about $5.2 billion.
Acquisition Silver Lake and Warburg Pincus are selling big
ICE said the deal to buy Bedford, Massachusetts-based IDC, which provides financial data to banks, money managers and hedge funds, was approved by the boards of both companies.
The exchange operator said it expected cost synergies of $150 million, which will be largely completed within three years. The deal is expected to close at the end of this year. ■