Tag: Blackstone

Private Equity Continues To Acquire Insurance Assets

Private Equity Continues To Acquire Insurance Assets

Blackstone (ticker: BX) and AIG (ticker: AIG) announced a deal where Blackstone would pay $2.2 billion to acquire a 9.9% stake in AIG's life insurance and retirement services group ("AIG L&R"). The deal will take Blackstone's insurance business to approximately $150 billion AUM. We will have a TEK2day "Spotlight" report on this subject in the … Continue reading Private Equity Continues To Acquire Insurance Assets

LSE to Potentially Acquire Refinitiv (fmr. Thomson Reuters Data Business) for $27 Billion

LSE to Potentially Acquire Refinitiv (fmr. Thomson Reuters Data Business) for $27 Billion

We tip our hat to LSE for thinking outside the box, moving beyond a commodity business to acquire a somewhat unique data set (one of the big three with Bloomberg and Factset).  Blackstone Group (BX.N) acquired a majority stake in Refinitiv from Thomson Reuters (TRI.TO) in October 2018, valuing the company at the time at … Continue reading LSE to Potentially Acquire Refinitiv (fmr. Thomson Reuters Data Business) for $27 Billion