Top mortgage lending software and analytics provider Black Knight is exploring a sale following takeover interest from several private equity firms, according to a report from Bloomberg.
The Jacksonville, Florida-headquartered firm hasn’t decided whether it would be sold or remain independent, unnamed sources told the financial news publication.
Black Knight’s stock, like many in the mortgage space, has struggled in the last year, losing 21% of its value. But on the news of a potential sale, it surged 12% on Tuesday, closing the day with a market cap of $10.3 billion.
According to the company’s details ⇒
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