All articles tagged with #intercontinental exchange
Originally Published 3 months ago — by CNBC
Intercontinental Exchange (ICE) has taken a $2 billion stake in prediction markets platform Polymarket, valuing the company at around $8 billion, signaling growing mainstream acceptance of prediction markets and potential industry expansion by 2030.
Originally Published 2 years ago — by Fortune
Jeff Sprecher, CEO of Intercontinental Exchange (ICE), has acquired home loan servicing and data analytics provider Black Knight for $11.9 billion, aiming to revolutionize the mortgage industry by streamlining and digitizing the loan process. With the integration of Black Knight into ICE's existing mortgage technology, Sprecher plans to provide homeowners with real-time data on their property values, access to the best loan products, and constant updates on refinancing options. The goal is to create a low-cost, digitized platform that reduces the average cost of securing a mortgage and shortens the time from origination to closing. Additionally, the platform aims to empower lenders with greater marketing reach and borrowers with immediate access to the best deals, fostering loyalty and lowering costs for consumers.
Originally Published 2 years ago — by Reuters
The U.S. Federal Trade Commission (FTC) has requested the dismissal of its lawsuit against Intercontinental Exchange (ICE) regarding the proposed $11.7 billion acquisition of data vendor Black Knight. The companies and the FTC have jointly filed a request to dismiss the lawsuit as they negotiate a settlement to close the deal. The FTC had previously expressed concerns about the deal, citing potential increased costs for consumers and reduced innovation in the mortgage data market. Black Knight has responded to these concerns by agreeing to sell its Optimal Blue business for $700 million. The parties involved aim to reach mutually acceptable terms by August 25.