Intercontinental Exchange And Black Knight Announce Agreement To Sell Black Knight's Optimal Blue Business To Constellation Software Inc. For $700M
Portfolio Pulse from Happy Mohamed
Intercontinental Exchange (ICE) and Black Knight (BKI) have agreed to sell Black Knight's Optimal Blue business to a subsidiary of Constellation Software for $700 million. The sale is contingent on the closing of ICE's acquisition of Black Knight and other customary closing conditions.
July 17, 2023 | 12:34 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
The sale of Black Knight's Optimal Blue business is a significant event for the company, and could potentially impact its stock price.
The sale of the Optimal Blue business is a significant event for Black Knight. The proceeds from the sale could potentially boost Black Knight's financial position and its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Constellation Software's acquisition of Black Knight's Optimal Blue business could potentially boost its stock price.
The acquisition of the Optimal Blue business could potentially boost Constellation Software's financial position and its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
ICE's acquisition of Black Knight is a significant move, and the sale of the Optimal Blue business could help secure regulatory clearance for the acquisition.
The sale of the Optimal Blue business is a strategic move by ICE to secure regulatory clearance for its acquisition of Black Knight. This could potentially boost ICE's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100