Constellation Software signs deal to buy Black Knight’s Optimal Blue business for US$700-million
Summary
Constellation Software Inc. CSU-T says it has signed a deal to buy Black Knight Inc.’s BKI-N Optimal Blue business for US$700-million. Under the deal, Constellation will pay US$200-million in cash and issue a US$500-million promissory note. Intercontinental Exchange Inc. ICE-N and Black Knight announced the sale as part of their efforts to secure regulatory approval for ICE’s proposed acquisition of Black Knight. Optimal Blue provides software and data services for the mortgage industry. The agreement follows a deal announced in March that will see Constellation Software buy Black Knight’s Empower loan origination system business.
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industries
Real Estate
applications
Accounting and Taxes
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Vertical Market Software
Enterprise Software
Business Software
Linked Companies
Black Knight
$500M to $1B
Constellation Software Inc.
$10M to $25M