Black Knight, Intercontinental Exchange, Paragon, MLS, and Data
The deal is done…more to come.
This could change the economic model of MLS.
The acquisition targets ICE’s only structural disadvantage – MLS. ICE is paying $11.7B to:
1) Integrate Paragon into their Pillar enterprise architecture
2) Publish MLS content to institutions through their IDC dashboard
3) Inform environmental, municipal and credit metrics through risQ
4) Differentiate their proposed Consumer Engagement Suite
5) Harden the infrastructure to assure service levels
6) Flip the revenue model to capture richer content from Brokers
