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BlackRock Considers Minority Stake in Millennium Management
BlackRock Inc. is in early discussions with hedge fund Millennium Management about a potential strategic partnership, which could involve acquiring a minority stake in the firm. Sources familiar with the matter shared that the talks are still in the preliminary stages, and it is unclear whether a deal will be finalized.
The strategic purpose of such a transaction remains uncertain, as both companies evaluate the potential benefits of the deal. The discussions come as part of BlackRock’s ongoing efforts to expand its presence in the hedge fund sector.
Financial Times was the first to report on these ongoing talks, which could reshape the landscape of hedge fund partnerships if they result in a transaction.
