Black Knight shares are trading higher after the company and Intercontinental Exchange agreed to sell Black Knight's Optimal Blue business to a subsidiary of Constellation Software for $700 million.
Portfolio Pulse from Benzinga Newsdesk
Black Knight and Intercontinental Exchange have agreed to sell Black Knight's Optimal Blue business to a subsidiary of Constellation Software for $700 million. This has led to a rise in Black Knight's share prices.
July 17, 2023 | 2:27 pm
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NEUTRAL IMPACT
Intercontinental Exchange was involved in the agreement to sell Black Knight's Optimal Blue business.
Intercontinental Exchange's involvement in the deal is mentioned, but the impact on its stock is not clear from the news.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Black Knight's shares are trading higher after the company agreed to sell its Optimal Blue business for $700 million.
The sale of the Optimal Blue business for a substantial amount of $700 million is a positive financial move for Black Knight, which is reflected in the rise of its share prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100