BlackRock in talks about a strategic tie-up with Millennium – sources
8:14 pm Thursday, November 07th, 2024
By Paritosh Bansal and Carolina Mandl
NEW YORK (Reuters) – BlackRock Inc 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.
(Reporting by Carolina Mandl, in New York; Editing by Sandra Maler)
