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.