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International Business Times
International Business Times
Litty Simon

BlackRock Agrees To Acquire UK-based Data Group Preqin For £2.55 Billion

BlackRock Preqin United Kingdom SP Global

BlackRock has agreed to acquire the UK-based data group Preqin for £2.55 billion. According to The Financial Times, BlackRock, a $10.5 trillion asset manager, outpaced competitors S&P Global and Bloomberg to secure the acquisition of Preqin, a UK-based data group.

The deal, which is part of BlackRock's strategy to acquire specialized data providers, is anticipated to be officially announced on Monday.

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