Giant Acquisition from BlackRock

US-based BlackRock, one of the world's largest asset management companies, announced that an agreement was reached to acquire British financial data provider Preqin for $ 3.2 billion.

In the written statement made by #BlackRock⁩ , it was stated that British financial data provider Preqin accepted BlackRock's $3.2 billion cash purchase offer. BlackRock aims to strengthen its software division Aladdin by bringing together data, research and investment processing for fund managers through the acquisition. The $3.2 billion acquisition is expected to be completed this year, following the necessary permits.

It was noteworthy that BlackRock purchased Preqin, beating the offers of Bloomberg, London Stock Exchange and S&P Global.