BKI - The Combination of Black Knight and Intercontinental Exchange Might Unravel. Here's Why.
Back in May, Intercontinental Exchange (NYSE: ICE) and Black Knight Financial (NYSE: BKI) announced a deal in which Intercontinental Exchange would buy Black Knight for $85 share in cash and stock. The deal, valued at about $13 billion, would combine two of the biggest companies in the mortgage technology industry.
Since then, the mortgage origination market has collapsed and the government is raising antitrust issues about the transaction. Is the deal doomed?
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The Combination of Black Knight and Intercontinental Exchange Might Unravel. Here's Why.