Why did Blackrock just spend billions on a data company? Investment Blackrock revealed this morning it would be spending £2.6bn in cash on Preqin, a private markets analytics and research provider. Why?
London data firm Preqin exploring sale at £1bn-plus valuation Deals Financial data group Preqin is reportedly exploring a sale that could value the firm in excess of £1bn in the latest sign of consolidation in the sector.