New York Stock Exchange owner to buy Black Knight in $13.1 billion deal

The parent company of the New York Stock Exchange, Intercontinental Exchangeannounced Wednesday that it will acquire Black Knight in a cash-and-stock deal that values ​​the data analytics and software company at $13.1 billion.

ICE’s offer of $85 per share carries a nearly 34% premium to Black Knight’s Tuesday close, and an enterprise value of the deal about 16,000 million dollars.

Black Knight provides an integrated ecosystem of software, data and analytics solutions to the real estate and home finance markets.

The companies expect the transaction to close in the first half of 2023.

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