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BlackRock to Acquire Preqin for £2.55 Billion ($2.5 Billion)

Jun 30, 2024, 08:38 PM

BlackRock has agreed to acquire UK-based private markets data provider Preqin for £2.55 billion ($2.5 billion) in cash. This acquisition marks BlackRock’s first foray into selling financial information. BlackRock outbid competitors S&P Global and Bloomberg for the deal. The founder of Preqin is expected to become vice chair following the acquisition. Private equity firms had also shown interest in Preqin.