ICE to Buy Black Knight for $13.1 Billion
The deal values Black Knight at $85 a share. Black Knight shares were up 8% to $68.49 prior to a trading halt.
The transaction is expected to close in the first half of 2023.
Everybody is for sale.
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This is a much bigger move, and part of a strategy which is not yet visible to most people in the Industry. It is one of a string of acquisitions by ICE over the last few years, with specific intention in mind. CoStar and ICE, the big dogs that could completely upend “legacy” real estate as we know it…or spend a lot of money trying…and they have the money.