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01.07.2024 03:31:48 - dpa-AFX: BlackRock To Acquire Preqin For About $3.2 Bln In Cash
WASHINGTON (dpa-AFX) - BlackRock Inc. (BLK) has agreed to acquire Preqin, an
independent provider of private markets data, for 2.55 billion pounds or
approximately $3.2 billion in cash.
The transaction is expected to close before year-end 2024, subject to regulatory
approvals and other customary closing conditions.
Private markets data is estimated to be an $8 billion total addressable market
and growing 12% per year, reaching $18 billion by 2030.
In 2024, Preqin is expected to generate about $240 million of highly recurring
revenue and has grown approximately 20% per year in the last three years.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
independent provider of private markets data, for 2.55 billion pounds or
approximately $3.2 billion in cash.
The transaction is expected to close before year-end 2024, subject to regulatory
approvals and other customary closing conditions.
Private markets data is estimated to be an $8 billion total addressable market
and growing 12% per year, reaching $18 billion by 2030.
In 2024, Preqin is expected to generate about $240 million of highly recurring
revenue and has grown approximately 20% per year in the last three years.
Copyright(c) 2024 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX
| Name | WKN | Börse | Kurs | Datum/Zeit | Diff. | Diff. % | Geld | Brief | Erster | Schluss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
 |
BLACKROCK CL. A DL -,01 | 928193 | Xetra | 733,600 | 03.07.24 15:17:21 | +1,100 | +0,15% | 729,000 | 731,100 | 734,600 | 732,500 |
