- Owners to decide on sale or IPO after Fed meeting on rates
- IDC may fetch about $5 billion, bids to come end of September
Interactive Data Corp.’s private-equity owners have received takeover interest from financial data firms including Intercontinental Exchange Inc., people with knowledge of the matter said, as the company also pursues an initial public offering.
Markit Ltd. also is a potential suitor for the provider of financial data, said the people, who asked not to be identified because the information is private. IDC could be valued at about $5 billion in a sale, and may receive bids by the end of September, one of the people said. The company competes with Bloomberg News parent Bloomberg LP.
IDC was acquired by Silver Lake and Warburg Pincus in 2010 in a $3.4 billion deal. In July, IDC said it filed confidentially with the U.S. Securities and Exchange Commission for an IPO.
The private-equity firms will decide whether to proceed with a sale or initial offering after the U.S. Federal Reserve announces whether it’s going to raise interest rates following its meeting this week, with an increase seen as making a sale more likely, one of the people said.
Spokesmen for Warburg Pincus and ICE declined to comment. Spokesmen for Silver Lake, Markit, and IDC didn’t immediately respond to requests for comment.
The Wall Street Journal reported in July that Markit and Nasdaq OMX Group Inc. were among firms expressing interest in IDC.