A $100bn AI bet? Microsoft, BlackRock’s game-changing move in tech

A $100bn AI bet? Microsoft, BlackRock’s game-changing move in tech

BlackRock, Microsoft, Global Infrastructure Partners (GIP), and MGX have unveiled the Global AI Infrastructure Investment Partnership (GAIIP), a strategic collaboration aimed at building the infrastructure necessary to meet the rising demand for artificial intelligence (AI) computing. This initiative seeks to unlock $100 billion in investment potential, starting with an initial $30 billion of private equity […]

BlackRock to acquire Preqin for $3.2bn in major move into private markets data

BlackRock to acquire Preqin for $3.2bn in major move into private markets data

BlackRock, Inc. (NYSE: BLK), a global leader in investment management, has announced a significant acquisition of Preqin, an independent provider of private markets data, for a hefty sum of £2.55 billion (approximately $3.2 billion) in cash. This strategic move is set to enhance BlackRock’s data and research capabilities, positioning it as a frontrunner in private […]

BlackRock to fully acquire SpiderRock Advisors to strengthen SMA capabilities

BlackRock to fully acquire SpiderRock Advisors to strengthen SMA capabilities

BlackRock, Inc. (NYSE: BLK), the world’s largest asset manager, announced its agreement to acquire the remaining equity interest in SpiderRock Advisors, a premier provider of customized option overlay strategies in the United States wealth market. This move not only enhances BlackRock’s existing minority stake acquired in 2021 but also significantly bolsters its capabilities in offering […]

BlackRock to acquire Global Infrastructure Partners in landmark $3bn deal

BlackRock to acquire Global Infrastructure Partners in landmark $3bn deal

BlackRock, Inc. (NYSE: BLK), a leading financial institution, and Global Infrastructure Partners (GIP), a prominent independent infrastructure fund manager, have jointly announced a monumental agreement. BlackRock will acquire GIP for a total consideration of $3 billion in cash and approximately 12 million shares of BlackRock common stock. This acquisition marks a significant step in the […]

BlackRock, Jio Financial Services forge alliance for innovative investment solutions

BlackRock, Jio Financial Services forge alliance for innovative investment solutions

American investment management company BlackRock and India-based Jio Financial Services Limited (JFS) have come together to form Jio BlackRock, a 50:50 joint venture. The partnership aims to provide tech-enabled access to affordable and innovative investment solutions to millions of investors across India. This strategic alliance merges BlackRock’s expertise in investment management, risk management, and access […]

Tata Power announces completion of Rs 4,000cr capital infusion into TPREL

Tata Power announces completion of Rs 4,000cr capital infusion into TPREL

Tata Power said that its subsidiary Tata Power Renewable Energy Limited (TPREL) has secured the second and final round of investment of INR 2,000 crores from GreenForest New Energies Bidco Limited. (GreenForest) and has Following the investment, Tata Power Renewable Energy has allotted 20,00,00,000 compulsorily convertible preference shares (CCPS) at a face value of INR […]

US food tech company GrubMarket bags $200m in Series E round

US food tech company GrubMarket bags $200m in Series E round

American food tech company GrubMarket has bagged $200 million in a Series E funding round that has taken its valuation to more than $1.2 billion. The financing round saw the participation of Tiger Global Management, Liberty Street Funds, funds and accounts managed by BlackRock, Japan Post Capital, Apeira Capital, We Capital, Celtic House Asia Partners, […]