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ICE’s Black Knight Deal Moves Closer as FTC Drops Suit

Saturday, Aug 19 2023
Originating
Written by  The Mortgage Leader

Intercontinental Exchange’s proposed $11.7 billion acquisition of mortgage software provider Black Knight has taken a step closer to reality as the Federal Trade Commission has asked a federal court to scrap a lawsuit opposing the deal. So reports Reuters.

Black KnightThe companies and the FTC said they were working toward a final settlement that would close the deal, announced in May 2022.

ICE purchased mortgage technology platform Ellie Mae for $11 billion in 2020.

Read the full article from Reuters.

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