Deals
BlackRock Considered Buying Carlyle After CEO Left, FT Reports
- The world’s largest asset manager decided against a takeover
- The size of the deal and turmoil at the firm put BlackRock off
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Executives at BlackRock Inc. discussed buying Carlyle Group Inc. earlier this year after the private equity giant pushed out its chief executive, the Financial Times reported, citing three people with knowledge of the discussions that it didn’t identify.
The world’s biggest asset manager ultimately decided against a takeover, the newspaper reported. The size of the deal and the turmoil at the buyout firm were two reasons that put it off, the FT reported.