BlackRock has agreed to acquire UK-based data provider Preqin for £2.55 billion ($3.22 billion) in cash. This acquisition marks BlackRock's first major move into selling financial information. The deal will see Preqin's founder become vice chair of the company. BlackRock outbid competitors such as S&P Global, Bloomberg, and PE firms for this acquisition. The purchase is part of BlackRock's strategy to enhance its presence in alternative assets.
MyPOV: in the age of AI it’s all about the data. @BlackRock to Acquire Data Provider @Preqin for $3.22 Billion https://t.co/VFoaHas8aD
Blackrock $BLK has agreed to acquire UK 🇬🇧 data provider Preqin for $3.22 Billion in cash to bolster its data capabilities - WSJ
BlackRock to Acquire Data Provider Preqin for $3.22 Billion via @WSJ https://t.co/CwZJa5zB3g
BlackRock to buy UK data group Preqin for $3.2 bln https://t.co/0mA2Flm86T https://t.co/RZq7gpeADP
BlackRock to Acquire Data Provider Preqin for $3.22 Billion https://t.co/m89ikJigS2
#BlackRock will acquire private capital database provider Preqin for £2.55 billion ($3.2 billion) in cash, as the world’s largest money manager accelerates its push to become a major player in alternative assets
#BlackRock agrees to buy UK data group Preqin, FT reports
BlackRock to buy UK data firm Preqin for $3.2 bln https://t.co/CoZ0yEtm15
BlackRock will acquire private capital database provider Preqin for £2.55 billion ($3.2 billion) in cash, as the world’s largest money manager accelerates its push to become a major player in alternative assets https://t.co/TWJfqwMxvu
BlackRock agrees to buy UK data group Preqin, FT reports https://t.co/tSs89OE63r https://t.co/kOrvFvOVR1
Sources: BlackRock has agreed to buy Preqin, a UK-based provider of private markets data, for £2.55B in cash (Financial Times) https://t.co/dW1GIFJKAh 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/XNAQJSJZz0
Sources: BlackRock has agreed to buy Preqin, a UK-based provider of private markets data, for £2.55B in cash (Financial Times) https://t.co/kx5NJqSjnT https://t.co/whLASTZqbY
👀 BlackRock beat S&P Global + Bloomberg for the big UK private markets data provider Preqin for £2.55bn cash, FT reports - BlackRock’s first foray into selling financial info - founder expected to become vice chair - PE firms had also looked at Preqin https://t.co/iv5vyjxKMK
BlackRock agrees to buy UK data group Preqin for £2.55bn https://t.co/j9rD7emez5 via @ft
BlackRock agrees to buy UK data group Preqin for £2.55bn https://t.co/CuouKTjFDl
BlackRock is nearing a £2 billion ($2.5 billion) deal to acquire private capital database provider Preqin https://t.co/nC8vauUpHA