In a written statement, BlackRock announced that UK financial data provider Preqin has accepted BlackRock’s $3.2 billion cash acquisition offer.
BlackRock aims to strengthen its software division, Aladdin, by integrating data, research, and the investment process for fund managers with this acquisition.
The $3.2 billion acquisition is expected to be completed this year following necessary approvals.
BlackRock’s acquisition of Preqin, outbidding Bloomberg, the London Stock Exchange, and S&P Global, drew attention.
source: aa.com.tr/ prepared by Melisa Beğiç