BlackRock Inc. BLK, +0.03% said Friday it has entered an agreement to acquire Global Infrastructure Partners, or GIP, an independent infrastructure fund manager, for $3 billion in cash and about 12 million shares. The infrastructure market is valued at $1 trillio today and expected to be one of the fastest growing ones in the years ahead, BlackRock said in a statement. “A number of long-term structural trends support an acceleration in infrastructure investment,” said the asset manager. “These include incr ...

Larry Fink, chief executive officer of BlackRock Inc., gestures while speaking at the Handelsblatt Banking Summit in Frankfurt, Germany, on Wednesday, Sept. 4, 2019.BlackRock, the world's biggest asset manager, announced Friday it is buying Global Infrastructure Partners for about $12 billion in cash and stock.The acquisition is part of the firm's increased focus on infrastructure, which CEO Larry Fink said is "one of the most exciting long-term investment opportunities." As part of the deal, GIP's manageme ...

BlackRock has been striving to expand its private-market operations. Photo: Angus Mordant/Bloomberg NewsBlackRock has agreed to buy private-equity firm Global Infrastructure Partners for roughly $12.5 billion in cash and stock, a significant push into private-market investments for the world’s largest asset manager.New York-based GIP owns and operates energy, transportation, and water and waste companies, including a stake in London’s Gatwick Airport. The acquisition would be BlackRock’s largest since it bo ...

NEW YORK--(BUSINESS WIRE)--BlackRock, Inc. (NYSE: BLK) and Global Infrastructure Partners (“GIP”), a leading independent infrastructure fund manager, jointly announce that they have entered into an agreement for BlackRock to acquire GIP for total consideration of $3 billion of cash and approximately 12 million shares of BlackRock common stock. A $1 trillion market today, infrastructure is forecast to be one of the fastest growing segments of private markets in the years ahead. A number of long-term structu ...

NEW YORK--(BUSINESS WIRE)--BlackRock, Inc. (NYSE: BLK) today reported financial results for the three months and year ended December 31, 2023. BlackRock’s acquisition of GIP will create a combined infrastructure platform of over $150 billion*, well positioned to meet fast-growing investor demand $10 trillion in AUM following $289 billion of full year net inflows, including $96 billion in the fourth quarter Flat full year revenue primarily driven by the negative impact of markets on average AUM, partially ...

NEW YORK, NY - JANUARY 16: A sign hangs on the BlackRock offices on January 16, 2014 in New York ... [+] City. Blackrock posted a 22 percent increase in the most recent quarterly profits announcement. (Photo by Andrew Burton/Getty Images)Getty ImagesBlackRock BLK is scheduled to report earnings before Friday’s open. The stock hit a record high of $973.16/share in 2021 and is currently trading near $788/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are s ...

BlackRock is continuing its success in first-day trading volume for funds. Photo: Angus Mordant/Bloomberg NewsBlackRock ’s new bitcoin fund is on pace to be among the most actively traded exchange-traded funds ever on launch day.More than $761 million of shares in the iShares Bitcoin Trust changed hands as of midday Thursday, according to Bloomberg data. ...

On Wednesday, in what can be dubbed a watershed moment for the crypto market, the U.S. Securities and Exchange Commission (“SEC”) finally green-lit the launch of 11 spot Bitcoin ETFs. This now allows retail investors to trade the world’s largest cryptocurrency without having to own it.In the previous session, an official social media account of the SEC announced that the regulatory body had already approved the applications, leading to Bitcoin (BTC) soaring above the $48,000 mark on Jan 9. However, soon aft ...

Key PointsU.S. Securities and Exchange Commission (SEC) grants approval to the first-ever U.S.-listed exchange-traded funds (ETFs) tracking Bitcoin.Industry insiders foresee a substantial increase in capital flowing into the crypto space as a result of the newly approved Bitcoin ETFs.With almost a dozen approved Bitcoin ETFs, potential buyers must navigate a modest price war among issuers.The U.S. Securities and Exchange Commission (SEC) has given the go-ahead to the first-ever U.S.-listed exchange-traded f ...

The much-hyped reformation in the cryptocurrency space took place on Jan 10. The U.S. Securities and Exchange Commission (SEC) approved rule changes to allow the creation of bitcoin exchange-traded funds (ETFs). As many as,11 bitcoin ETF’s are expected to be launched this year.Following the news, price of bitcoin (BTC) jumped above the technical barrier of 47,000 to reach 47.893.70. Finally, the price settled at 46,599.84 to close the day. The game-changing decision of the SEC will allow individuals, money ...