BlackRock (BLK) announced a major deal on Friday — the acquisition of Global Infrastructure Partners for $12.5 billion as the asset management titan continues restructuring its core businesses. The agreement comes on the heels of BlackRock laying off employees earlier this week to cut costs amid market headwinds.
Yahoo Finance’s Madison Mills breaks down the details, providing insights into BlackRock CEO Larry Fink’s plans for this partnership.
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Infrastructure is the money now and watch natural resource BOOOOM.
3bln cash, 9.5bln worth of black rock stock and a board sit. Such a sweet deal for Mr Adebayo Ogunlesi
15 min cities coming, now that black rock owns airports and railways through this company. You will not eat or travel of you’re not in their wef system
Imagine that. All these companies and businesses that blackrock “encouraged” to go dei, are now filing bankruptcy. Blackrock comes in and buys them out at bedrock prices.