financetom
Business
financetom
/
Business
/
UK competition watchdog looks into $3.32 billion Blackrock-Preqin deal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
UK competition watchdog looks into $3.32 billion Blackrock-Preqin deal
Dec 3, 2024 4:45 AM

(Reuters) - Britain's competition regulator said on Tuesday it was considering whether asset management firm BlackRock's 2.55 billion pound ($3.23 billion) acquisition of UK data firm Preqin would raise competition concerns in the local market.

The Competition and Markets Authority, which has not yet launched its formal probe into the deal announced in June, has invited interested parties to submit their views on the impact the deal could have on competition in the UK.

($1 = 0.7901 pounds)

(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Anil D'Silva)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Nuvini Group Promotes Gustavo Usero to COO
Nuvini Group Promotes Gustavo Usero to COO
Aug 22, 2025
02:55 PM EDT, 08/22/2025 (MT Newswires) -- Nvni Group ( NVNI ) said Friday that Gustavo Usero, current group operating director, has been promoted to chief operating officer, starting Sept. 1. In his new position, he will carry forward the growth efforts and take charge of driving operational growth across Latin America, the company said. Shares of the company were...
Inspira Technologies Obtains US Patent Approval for Advanced Respiratory Support Device
Inspira Technologies Obtains US Patent Approval for Advanced Respiratory Support Device
Aug 22, 2025
02:55 PM EDT, 08/22/2025 (MT Newswires) -- Inspira Technologies (IINN) said Friday it received US patent approval for a low-flow rates extracorporeal oxygenation system and usage methods, representing the primary technology of the ART500 advanced respiratory support device. The patent offers protection of the core technology at least until 2043, covering key claims related to the device's functionality, design, and...
Intuit's Guidance Falling Short of Expectations Weighing on Stock Despite In-Line Fiscal Q4 Results, UBS Says
Intuit's Guidance Falling Short of Expectations Weighing on Stock Despite In-Line Fiscal Q4 Results, UBS Says
Aug 22, 2025
02:51 PM EDT, 08/22/2025 (MT Newswires) -- Intuit (INTU) posted largely in-line fiscal Q4 results, but Q1 revenue and fiscal 2026 global business solutions revenue guides falling short of expectations are weighing on the stock, UBS Securities said in a Friday research report. The brokerage said it is positive on Intuit shares on a relative basis because the outlook is...
Update: Incannex Healthcare Shares Rise After Board Approves $20 Million Share Buyback Program
Update: Incannex Healthcare Shares Rise After Board Approves $20 Million Share Buyback Program
Aug 22, 2025
02:51 PM EDT, 08/22/2025 (MT Newswires) -- (Updates with recent share movement in the headline and first paragraph.) Incannex Healthcare ( IXHL ) shares were up over 24% in recent Friday trading after the company said its board approved a $20 million share repurchase program. The company said it may buy back shares through various methods, including open market purchases...
Copyright 2023-2026 - www.financetom.com All Rights Reserved