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International Business Times
International Business Times
World
Carla St. Louis

BlackRock Scoops Up HPS Investment Partners In $12 Billion Deal

BlackRock HPS HPS Investment Partners
NEW YORK, NEW YORK - AUGUST 08: The BlackRock company logo is seen outside of its NYC headquarters on August 08, 2024 in New York City. (Credit: Michael M. Santiago/Getty Images)

BlackRock has agreed to acquire HPS Investment Partners for nearly $12 billion but the deal has to be approved by government agencies.

The acquisition, which BlackRock says will give it more financing solutions and a broader range of clients, comes after a verbal agreement that was established on November 28.

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