Home Stock U.S. FTC seeks to dam ICE’s $13 billion takeover of Black Knight

U.S. FTC seeks to dam ICE’s $13 billion takeover of Black Knight

0
U.S. FTC seeks to dam ICE’s $13 billion takeover of Black Knight

[ad_1]

© Reuters. FILE PHOTO: A display screen shows the emblem for Black Knight on the ground of the New York Inventory Trade (NYSE) in New York Metropolis, U.S., Might 4, 2022. REUTERS/Brendan McDermid

(Reuters) -The U.S. Federal Commerce Fee is anticipated to problem Intercontinental Trade (NYSE:) Inc’s $13 billion deal for mortgage software program firm Black Knight (NYSE:), Politico reported on Monday citing three folks with direct data of the matter.

The FTC has been scrutinizing the Black Knight deal for months amid issues from some U.S. lawmakers the pricing energy ICE would achieve within the mortgage information market that lenders depend on might result in greater prices for customers.

A case is anticipated to be filed in March, the report added, and no choice can be closing till then.

Reuters reported earlier this month Black Knight had determined to place its Empower mortgage origination software program enterprise up on the market in an effort to beat U.S. antitrust issues.

ICE, the proprietor of the New York Inventory Trade, has been pushing into the mortgage market lately as a option to diversify its enterprise away from share buying and selling.

[ad_2]

LEAVE A REPLY

Please enter your comment!
Please enter your name here