ICE buyout target Black Knight to sell unit to ease antitrust concerns

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Canadian business software provider Constellation Software will buy the unit.

ICE’s $11.7 billion deal for Black Knight has come under scrutiny from the U.S. Federal Trade Commission amid concerns among some U.S. lawmakers that the pricing power ICE would gain in the mortgage data market could lead to higher costs for consumers.

In March, the companies said they would take the battle to court to save the deal, if necessary.