In a widely anticipated announcement, BlackRock said it had reached an agreement to fully-acquire HPS Investment Partners in an all share transaction worth $12 billion
The deal, which is expected to close in mid-2025, comes during a boom for the private credit space. The transaction also creates "an integrated private credit franchise" with about $220 billion assets
BlackRock has agreed to buy private credit firm HPS Investment Partners for about $12 billion in an all-stock deal, the companies said on Tuesday.
NEW YORK--(BUSINESS WIRE)--BlackRock (NYSE: BLK) and HPS Investment Partners (“HPS”), a leading global credit investment manager with approximately $148 billion in client assets, have entered into
BlackRock is nearing a deal to buy private credit firm HPS Investment Partners. HPS would be another major private markets deal for the $11.5 trillion money manager.
The roughly $12 billion all-stock deal would substantially add to BlackRock's coveted private asset pile.
The latest trading day saw BlackRock Finance (BLK) settling at $1,020.11, representing a -0.26% change from its previous close.
Jay Jacobs, head of U.S. BlackRock Thematic and Active ETFs, joins ‘Halftime Report' with CNBC's Bob Pisani to discuss the key themes to watch in the ETF space heading into 2025.
In late 2012, I advocated for the Eaton Vance option CEFs despite distribution cuts and -17% discounts, urging investors to buy during that opportune period. And though Eaton Vance was the first fund

Cramer's Stop Trading: BlackRock

10:26am, Monday, 02'nd Dec 2024
CNBC's Jim Cramer explains why he is keeping an eye on shares of BlackRock.
Blackrock has cut the worth of its stake in web hosting provider Automattic by 10%, the asset manager said in its latest quarterly disclosure report.
BlackRock, the world's largest asset manager, is reportedly on the cusp of a deal to acquire HPS Investment Partners for more than $12 billion
The Blackrock stock price has done well this year as it jumped by 75% from its lowest level in January. It recently jumped to a record high of $1,067, pushing its market cap to over $158 billion.
NEW YORK--(BUSINESS WIRE)---- $BBN--Today, BlackRock Resources & Commodities Strategy Trust (NYSE: BCX), BlackRock Enhanced Equity Dividend Trust (NYSE: BDJ), BlackRock Energy and Resources Trust (NYS
Abbott, BlackRock, ConocoPhillips, NetSol and Optex Systems are included in this Analyst Blog.
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