Intercontinental Exchange (ICE), Inc. a provider of data, technology, and market infrastructure, recently announced it has entered into a definitive agreement to acquire Black Knight, Inc.

The cash and stock transaction values Black Knight at $85 per share, or a market value of $13.1 billion, and builds on ICE’s position as a provider of end-to-end electronic workflow solutions for the rapidly evolving U.S. residential mortgage industry.

Read on for more details about this key industry acquisition.