BlackRock Acquires UK Data Provider Preqin for $3.2 Billion

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: prepared by Melisa Beğiç

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