Nasdaq , ICE Plan $10.5B NYSE Bid

Nasdaq OMX Group and IntercontinentalExchange have tentatively agreed to pay more than $40 a share, or around $10.5 billion, for NYSE Euronext.

Nasdaq OMX Group and IntercontinentalExchange (ICE) have tentatively agreed to pay more than $40 a share, or around $10.5 billion, for NYSE Euronext, The Wall Street Journal reports. The bourses are in discussions for a possible joint bid for NYSE Euronext. Nasdaq has showed interest in NYSE Euronext’s stock-trading and stock-options businesses, while ICE is interested in its Liffe futures-trading business. NYSE Euronext announced last month an agreement to be acquired by Frankfurt’s Deutsche Börse.

Click here for the story from The Wall Street Journal.