(Reuters) – The U.S. Federal Trade Commission on Thursday said it had secured a settlement resolving antitrust concerns over NYSE-owner Intercontinental Exchange’s proposed purchase of data vendor Black Knight.
The settlement ensures Black Knight’s divestiture of two businesses that provide services in the mortgage origination process, the FTC said in a statement.
The FTC had initially expressed concern that the deal, which combines the two top mortgage technology providers, would drive up costs, reduce innovation, and limit lenders’ choices.
(Reporting by Jasper Ward, writing by David Ljunggren, editing by Chris Reese)
