NYSE-Owner ICE to Buy Black Knight in $13.1 Billion Deal

NYSE-Owner ICE to Buy Black Knight in $13.1 Billion Deal
The ticker symbol and logo for Intercontinental Exchange Inc. (ICE) on the floor of the New York Stock Exchange (NYSE) on March 1, 2016. Brendan McDermid/Reuters
Reuters
Updated:

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 percent to Black Knight’s close on Tuesday. The deal’s enterprise value is about $16 billion.