The U.S. Federal Trade Commission (FTC) has agreed to dismiss a federal court case against Intercontinental Exchange's (ICE) $11.7 billion proposed acquisition of Black Knight , easing the regulatory path to close the deal.
On Monday, New York Stock Exchange-owner ICE and mortgage data vendor Black Knight said the joint agreement will allow them to continue working toward a final settlement agreement with the FTC. The FTC did not immediately respond to a request for comment.
The agreement clears a major regulatory hurdle for ICE and Black Knight, which had been struggling to get a green light from regulators.
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