The FTC views the deal as giving too much leverage to Intercontinental Exchange, which also owns the NYSE, and as harming both rivals and consumers, according to the sources.
A formal filing of the FTC’s challenge was expected sometime this month.
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The Federal Trade Commission will likely move to block Black Knight’s $13 billion acquisition by Intercontinental Exchange, sources familiar with the situation say. So reports Politico.
The FTC views the deal as giving too much leverage to Intercontinental Exchange, which also owns the NYSE, and as harming both rivals and consumers, according to the sources.
A formal filing of the FTC’s challenge was expected sometime this month.