Here's Why Intercontinental Exchange Bought Black Knight Financial

Brent Nyitray, CFA, The Motley Fool
·3 min read
Here's Why Intercontinental Exchange Bought Black Knight Financial

Intercontinental Exchange (NYSE: ICE), which has been known primarily as an operator of stock, bond, and commodity exchanges, has been building a presence in the mortgage business. Instead of extending credit, Intercontinental Exchange has chosen to focus on the infrastructure of making mortgage loans. It recently entered into an agreement to buy Black Knight Financial (NYSE: BKI), which builds on Intercontinental Exchange's solutions for assembling mortgage loans.

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