Black Knight will be selling its loan origination system Empower in a bid to save the merger deal with Intercontinental Exchange (ICE).
“ICE and Black Knight entered into the divestiture agreement in connection with efforts to secure clearance of ICE’s proposed acquisition of Black Knight under the Hart-Scott Rodino Act,” the two companies said in a statement Tuesday morning.
Both companies agreed to sell Black Knight’s Empower business, including its Exchange, LendingSpace and AIVA solutions, to a subsidiary of Canada’s Constellation Software Inc.
“The divestiture transaction is subject to the closing of ICE’s acquisition of Black Knight details ⇒
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