New York Stock Exchange-parent Intercontinental Exchange said on Wednesday it will acquire Black Knight in a deal valuing the mortgage-lending software and data analytics firm at $13.1 billion.
ICE’s cash-and-stock offer of $85 per share is a premium of nearly 34% to Black Knight’s close on Tuesday. The deal’s enterprise value is about $16 billion.
ICE announced a deal to buy Ellie Mae, a cloud-based platform that supports all aspects of mortgage origination, for $11 billion in August 2020. That followed a $335 million deal for Simplifile in 2019, and the acquisition of MERS, in which ICE took a majority stake in 2016 and bought outright in 2018.
Read more: Reuters
