ICE, Black Knight agree to sell Optimal Blue to Constellation Software to save the merger deal
The $700 million divestiture transaction is contingent on closing of ICE’s acquisition of Black Knight.
The Federal District Court for the Northern District of California will rule on the preliminary injunction later this month.
If the merger goes through, it would be the second recent major mortgage deal for ICE, and would follow the acquisition of Ellie Mae from Thomas Bravo for $11 billion in 2020.
Note the mark down from a previously valued $3B asset. ICE knows pricing engines, and it could bundle a substitute in the “Consumer Engagement Suite.”
After 10 years and a thoughtful sequence of acquisitions ($30B) all the control points of a digital operating system are in place – including MLS. Will brokers be on platform in 2024? Where are the opportunities?