Black Knight in talks over potential business sale

Black Knight is mulling a possible sale after getting takeover interest from some private equity firms, Bloomberg reported citing people familiar with the matter.

News has broken that the mortgage lending software and analytics provider is potentially up for sale. According to sources who asked not to be identified, Black Knight is in talks with potential buyers and is working with advisers to assist it.

Black Knight, which has a market cap of $8.9 billion, hasn’t decided if it will go forward with a sale or choose to stay independent, the sources said. Billionaire investor Bill Foley is one of Black Knight’s biggest shareholders, with a 2.2% stake as of a filing in December. He stepped down as chairman of the company in June.

Comments are closed.