Estimated reading time: 0 minutes, 22 seconds

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.

Read 1909 times
Rate this item
(0 votes)
More in this category: « UBS to Pay $1.4B Over Fraud from Before 2008 Mortgage Crisis Title Tech Provider Flueid Raises $12.5M in Funding »

FOLLOW US

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline