Photo: Justin Sullivan/Getty Images

eBay's shares rose nearly 10% on Tuesday after the Wall Street Journal reported New York Stock Exchange owner Intercontinental Exchange made a takeover offer for the e-commerce site.

The big picture: Intercontinental Exchange has previously approached the commerce giant, WSJ writes, citing people familiar with the matter. Still, the companies are not in formal talks and a deal remains uncertain.

  • WSJ speculates the offer could value the company at more than $30 billion, based on a premium to eBay's current $28 billion market cap.
  • Intercontinental Exchange is more interested in owning eBay’s marketplace business, rather than its classified unit.
  • Intercontinental Exchange could use the takeover as a way to "apply its technological expertise connecting buyers and sellers" on eBay, WSJ writes.

An eBay representative declined to comment when Axios reached out.

Go deeper: Trump goes after e-commerce counterfeiting

Go deeper

Political world reacts to Biden tapping Kamala Harris as running mate

Sen. Kamala Harris and Joe Biden at a campaign event in March. Photo: JEFF KOWALSKY/AFP via Getty Images

Democrats from across the party — including some of the women on Joe Biden's vice-presidential shortlist — are championing his historic appointment of Sen. Kamala Harris as his running mate.

What they're saying: "I warmly congratulate Senator Kamala Harris on her selection as Joe Biden’s Vice Presidential running mate," said former UN Ambassador Susan Rice, whom several sources said was in the top two. Senator Harris is a tenacious and trailblazing leader who will make a great partner on the campaign trail."

Updated 48 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 4:30 p.m. ET: 20,166,415 — Total deaths: 738,266 — Total recoveries: 12,388,925Map.
  2. U.S.: Total confirmed cases as of 4:30 p.m. ET: 5,124,050 — Total deaths: 164,329 — Total recoveries: 1,670,755 — Total tests: 62,513,174Map.
  3. States: Florida reports another daily record for deaths State testing plans fall short of demand.
  4. Axios-Ipsos poll: 1 in 2 has a personal connection to COVID-19.
  5. Business: Moderna reveals it may not hold patent rights for vaccine.
  6. 🏈 Sports: Big Ten scraps fall football season.
Updated 53 mins ago - Sports

PAC-12 and Big Ten postpone fall sports due to coronavirus

Photo: Joe Robbins/Getty Images

The Big Ten and Pac-12 announced Tuesday that they've voted to postpone their 2020 fall sports seasons, including football, due to risks posed by the coronavirus pandemic, hoping instead to play in the spring.

Why it matters: The move from two of the most prominent conferences in college sports will almost certainly prompt other Power Five leagues to follow suit.