🚨 BlackRock's $3.2B Preqin Play: A Data Dive for the Ages 📈💰
In a seismic shift for the finance world, #BlackRock has announced a game-changing acquisition of Preqin, the UK-based financial data provider, for a whopping $3.2 billion in cash. 💸 This bold move by the world's largest #asset manager is set to reshape the landscape of data-driven investing.
The acquisition will see Preqin's wealth of data and research tools integrated into BlackRock's proprietary software, Aladdin, enhancing its capabilities for fund managers and investors alike. 📊 By merging Preqin's private markets expertise with Aladdin's cutting-edge technology, BlackRock aims to make private markets investing more accessible and efficient.
This strategic move is a testament to BlackRock's commitment to innovation and its ambition to be at the forefront of the #financial data revolution. 💡 As the company continues to expand its software division, the acquisition of Preqin is poised to deliver unparalleled insights and opportunities for its clients.
The deal, expected to close later this year, is subject to regulatory approval.
