What Happen to Black Knight and Paragon

In May 2022, ICE announced that it had entered into a definitive agreement to acquire Black Knight, Inc., a software, data and analytics company that serves the housing finance continuum. The cash and stock transaction values Black Knight at $85 per share, or a market value of $13.1 billion.^[52] In April 2023, the Federal Trade Commission petitioned a federal court to issue a preliminary injunction to halt the acquisition.^[53]

In August 2023, ICE announced that they had entered into an Agreement Containing Consent Orders (the “ACCO”) with the Bureau of Competition of the Federal Trade Commission (the “FTC”) regarding their pending acquisition of Black Knight. The ACCO contains an agreed form of consent order that will be submitted to the FTC for acceptance and approval. Based on a previously announced Timing Agreement entered into among ICE, Black Knight and the FTC on August 6, 2023, ICE was permitted to complete its acquisition of Black Knight following 11:59 p.m. Eastern Time on the tenth calendar day after the entry into the ACCO.^[54]

In September 2023, the parties closed the acquisition and completed the previously announced divestitures of Black Knight's Empower and Optimal Blue businesses to subsidiaries of Constellation Software Inc.

Source: Intercontinental Exchange - Wikipedia