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News by FinTech Collective Archive

FTC drops antitrust lawsuit against ICE-Black Knight merger

Sarah Wolter

August 8, 2023

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Sarah Wolter

ICE had initially agreed in May 2022 to pay $13.1b, or $85 per share, for home mortgage software provider Black Knight. At the time, ICE already already had agreed to sell Black Knight's Empower loan origination business, but the FTC didn't find that divestiture sufficient. Then last month, ICE also agreed to sell Black Knight's Optimal Blue product pricing and eligibility engine for $700m.

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Caveat: The two sides continue to negotiate, despite the FTC dropping its lawsuit, and the detente could dissipate if a final agreement isn't reached by Aug. 25.

https://www.axios.com/2023/08/08/ftc-drops-antitrust-lawsuit-against-ice-black-knight-merger

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