Constellation Software to acquire the Optimal Blue business of Black Knight for $700m.

Constellation Software, a Canadian diversified software company, agreed to acquire the Optimal Blue business of Black Knight, a software, data and analytics company, for $700m. ICE and Black Knight entered into the divestiture agreement in connection with efforts to secure regulatory clearance of ICE’s proposed acquisition of Black Knight. The divestiture transaction is subject to the closing of ICE’s acquisition of Black Knight, the closing of Constellation’s acquisition of Black Knight’s Empower loan origination system business previously announced earlier this year in March, and other customary closing conditions.