Nasdaq, ICE In Deep Negotiations (NDAQ, ICE)

It's not the bid you're thinking about though. The Nasdaq NDAQ and the Intercontinental Exchange ICE are in negotiations about a potential joint bid for the NYSE Euronext NYX, writes New York Times Deal Book. Talks are ongoing, and a big may not come out for quite awhile said a source close to the situation. The source also said that there is not much a chance a bid actually emerges, but it is at least being discussed. The Nasdaq would most likely take over NYSE Euronext's cash equities trading business, with the ICE taking over the lucrative derivatives business. The Nasdaq would keep the iconic Big Board and its familiar floor traders. In order to consummate a potential deal, there are tremendous regulatory hurdles to pass, as well as that large $340 million breakup fee to Deutsche Borse, should a new bidder emerge. At last check, shares of the Nasdaq were trading at $29.11, up 39 cents, while ICE shares were off $1.60 to $127.30.