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BlackRock in talks about a strategic tie-up with Millennium - sources
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BlackRock in talks about a strategic tie-up with Millennium - sources
Nov 9, 2024 12:47 PM

NEW YORK, Nov 7 (Reuters) - BlackRock Inc ( BLK ) is in

early-stage talks with hedge fund Millennium Management about a

strategic tie-up that could involve acquiring a minority stake

in the hedge fund, two sources familiar with the matter said.

The sources said it was not clear whether the talks would

result in a deal, with one of them saying the strategic

rationale of a transaction was not clear.

The Financial Times reported earlier on the deal talks.

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