08:19 AM EST, 12/03/2024 (MT Newswires) -- BlackRock's ( BLK ) proposed acquisition of UK data firm Preqin is being examined by the UK's Competition and Markets Authority, the regulator said Tuesday.

The CMA said it is looking into whether the proposed acquisition could result in a "substantial lessening of competition within any market or markets" in the UK.

The regulator said it was asking interested parties to submit initial views on how the proposed deal could impact competition, but has not yet launched a formal investigation.

BlackRock ( BLK ) said in June that it would acquire Preqin for 2.55 billion pounds ($3.23 billion) in cash.

BlackRock ( BLK ) and Preqin did not immediately respond to requests for comment from MT Newswires.