Friday, June 12, 2009

BlackRock Buys Barclays Global In $13 Billion Deal

The purchase by BlackRock of Barclays Global Investors for $13.5 Billion has created the worlds largest asset manager with $2.8 Trillion under management.

Barclays takes a 20% stake in BlackRock in addition to two seats on the board of directors of the merged corporations now called BlackRock Global Investors with headquarters in San Francisco, California. Sphere: Related Content

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