"Twenty years after we founded Intercontinental Exchange to provide a transparent trading platform for the energy industry, and following two decades of providing continued innovation to help customers navigate global markets, we are pleased to announce the acquisition of Ellie Mae, which will help us similarly transform the mortgage marketplace," says ICE founder and CEO Jeffrey Sprecher.

He calls the purchase "a one-of-a-kind opportunity to add an extraordinary enterprise with great leadership to our family."

The $11B deal is a mix of cash (84%) and newly issued ICE stock (16%).

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