๐ **Giant Acquisition by BlackRock!**
US-based BlackRock, one of the world's largest asset management companies, has announced a significant acquisition:
๐ฐ **Deal Details:**
- **BlackRock acquires British financial data provider Preqin for $3.2 billion.**
- **The transaction is expected to be completed this year, pending necessary approvals.**
๐ **Strategic Move:**
- **BlackRock aims to enhance its software division, Aladdin, by integrating data, research, and investment processing for fund managers.**
๐ **Competitive Edge:**
- **BlackRock's offer surpassed bids from Bloomberg, London Stock Exchange, and S&P Global.**
๐ **#BlackRockโฉ ** is poised to further solidify its leadership in the financial data and software space with this strategic acquisition!
