Saturday, 15 May 2021

NYSE-owner ICE to buy Ellie Mae in $11 billion deal

(Reuters) – Intercontinental Exchange Inc (ICE.N) said on Thursday it would buy Ellie Mae, a cloud-based platform provider for the mortgage finance industry, from private equity investment Thoma Bravo in a deal valued at $11 billion.

The deal comes at a time when the owner of the New York Stock Exchange is strengthening its focus on mortgage services.

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