Intercontinental Exchange Inc., the owner of the New York Stock Exchange, said it would acquire mortgage-software firm Ellie Mae, a landmark bet by the exchange giant on the digitization of the U.S. mortgage industry.
The deal between Atlanta-based ICE and private-equity firm Thoma Bravo is valued at about $11 billion, including $9.25 billion in newly issued debt and $1.75 billion in stock. It is expected to close in the third or fourth quarter of 2020, pending regulatory approval.
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