MLS software provider Black Knight acquired for $13.1B

Black Knight, a public software company that provides popular MLS software Paragon, is in the process of being acquired for $13.1 billion. The buyer, Intercontinental Exchange Inc., the owner of the New York Stock Exchanges, purchased a similar mortgage software provider Ellie Mae in 2020 for $11 billion. Real estate technology and data is becoming bigger business. This acquisition represents more consolidation and the push for economies of scale and new opportunities it opens up.