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BlackRock announced layoffs, a bitcoin ETF, a reorganization and a "transformational" $12.5 billion deal this week. Here's how it all fits together.
Subject to customary onboarding procedures, BlackRock will appoint GIP chairman Ogunlesi to the board following the closing of the transaction
BLK earnings call for the period ending December 31, 2023.
BlackRock, Inc. (NYSE: BLK) agreed to acquire Global Infrastructure Partners (GIP), a major infrastructure fund manager. The transaction is being broken down into a total consideration of US$ 3 billion of cash and approximately 12 million shares of BlackRock common stock. BlackRock is aiming to boost its business in real assets, especially infrastructure. Founded in…
Global asset manager BlackRock, Inc. announced Friday that will purchase Global Infrastructure Partners, the world's largest infrastructure manager in a cash and stock deal.