BlackRock Agreed To Acquire Preqin, A Leading Independent Provider Of Private Markets Data For £2.55B Or Approximately $3.2B In Cash
Portfolio Pulse from Benzinga Newsdesk
BlackRock has agreed to acquire Preqin, a leading independent provider of private markets data, for £2.55 billion (approximately $3.2 billion) in cash.
July 01, 2024 | 6:53 am
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BlackRock has announced its acquisition of Preqin for $3.2 billion in cash. This move is expected to enhance BlackRock's capabilities in private markets data, potentially leading to increased revenue and market share in this sector.
The acquisition of Preqin by BlackRock is a significant strategic move that will enhance BlackRock's data capabilities in the private markets sector. This is likely to lead to increased revenue and market share, positively impacting the stock price in the short term.
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