New York Stock Exchange : Sold ?

The parent company of the New York Stock Exchange :

is to be sold to smaller rival :

Intercontinental Exchange (ICE)

for $8bn.

Shares in NYSE Euronext rose 32% following the announcement.

However, ICE's share price fell 4%.

didnt realize that nyse was worth such a low price

Last year, the US Justice Department blocked an £11bn sterling  joint hostile bid for

NYSE Euronext by ICE and Nasdaq OMX, which owns the Nasdaq stock market.