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Jacksonville-based Black Knight sold for $13.1 billion

Black Knight.jpg
Jacksonville Daily Record
The corporate headquarters of Black Knight are at 601 Riverside Ave.

The company that operates the New York Stock Exchange and other financial networks is buying Jacksonville-based mortgage technology company Black Knight Inc. for $13.1 billion.

Intercontinental Exchange Inc. announced May 4 it agreed to buy Black Knight for $85 a share in cash and stock, a 30% increase to the stock’s trading price a month ago before speculation about a buyout began.

ICE did not announce details about Black Knight’s operations after the buyout, which is not expected to close until the first half of 2023.

Read the rest of this story at WJCT News partner the Jacksonville Daily Record.