US FTC says it secures settlement with ICE and Black Knight

Black Knight

31/08/2023 19:27

Aug 31 (Reuters) - The U.S. Federal Trade Commission on
Thursday said it had secured a settlement resolving antitrust
concerns over NYSE-owner Intercontinental Exchange's  ICE.N 
proposed purchase of data vendor Black Knight  BKI.N .
    The settlement ensures Black Knight's divestiture of two
businesses that provide services in the mortgage origination
process, the FTC said in a statement.
    The FTC had initially expressed concern that the deal, which
combines the two top mortgage technology providers, would drive
up costs, reduce innovation, and limit lenders' choices.
    

 (Reporting by Jasper Ward, writing by David Ljunggren, editing
by Chris Reese)
 ((david.ljunggren@tr.com; +1 647 480 7891;))