The FTC views the deal as giving too much leverage to Intercontinental Exchange, which also owns the NYSE, and as harming both rivals and consumers, according to the sources.
A formal filing of the FTC’s challenge was expected sometime this month.
Exploring recent trends in digital originations for mortgage lenders, highlighting the role of fintech and AI in reshaping the lending process.
Estimated reading time: 0 minutes, 22 seconds
The Federal Trade Commission will likely move to block Black Knight’s $13 billion acquisition by Intercontinental Exchange, sources familiar with the situation say. So reports Politico.
The FTC views the deal as giving too much leverage to Intercontinental Exchange, which also owns the NYSE, and as harming both rivals and consumers, according to the sources.
A formal filing of the FTC’s challenge was expected sometime this month.