Shares of eBay (EBAY) - Get Report fell while those of Intercontinental Exchange (ICE) - Get Report rose in after-hours trading Thursday after the owner of the New York Stock Exchange said it was no longer pursuing a deal with the online auction site.
In a statement Thursday, Intercontinental said that "Based on investor conversations following today’s ICE earnings call, ICE has decided to cease exploring strategic opportunities with eBay."
Reports of a possible deal had sent eBay sharply higher earlier this week.
Earlier Thursday, Intercontinental reported financial results in line with analyst estimates. The company said it made 95 cents a share, vs 94 cents a year earlier.
Shares of eBay fell $2.27, or 6% to $35.73 in after-hours action. ICE shares rose $2.89, or 3.2%, to $93.00.
In a statement earlier this week, ICE said that it had approached eBay but that "eBay has not engaged in a meaningful way."