---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-187760"
form_type: "8-K"
ticker: "ICE"
cik: "0001571949"
company_name: "Intercontinental Exchange, Inc."
filed_at: "2023-07-17T23:59:59+00:00"
generated_at: "2026-06-13T07:40:35.441746+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ICE and Black Knight agree to sell Optimal Blue to Constellation for $700M to address FTC concerns

## Summary
- Purchase price $700M: $200M cash plus $500M promissory note at 7% interest, maturing in 40 years.
- Divestiture contingent on closing of ICE's Black Knight acquisition and prior closing of Empower LOS sale.
- Action taken to address FTC antitrust litigation against the ICE/Black Knight merger.
- Constellation guarantees payment; Constellation Web Solutions guarantees performance obligations.
- Termination possible if deal not closed by Sept 30, 2024, or if Merger Agreement terminates.

## SEC filing metadata
- accession: 0001193125-23-187760
- form_type: 8-K
- ticker: ICE
- cik: 0001571949
- company_name: Intercontinental Exchange, Inc.
- filed_at: 2023-07-17T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1571949/000119312523187760/0001193125-23-187760-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1571949/000119312523187760/d507137d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-187760
- JSON: https://secwatch.observer/filing/0001193125-23-187760.json
- Plain text: https://secwatch.observer/filing/0001193125-23-187760.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.