On Friday, Britain’s competition regulator said it was launching a probe into asset management firm BlackRock’s (NYSE: BLK) 2.55 billion pounds ($3.22 billion) acquisition of UK data firm Preqin.
The Competition and Markets Authority has set February 12 as the deadline for its Phase 1 decision of the probe into the deal announced in June.
($1 = 0.7910 pounds)
Mary Lee is a freelance writer and journalist based in Toronto, Canada. She holds an M.S. degree in business and economic journalism from Columbia University’s Graduate School of Journalism in New York and a certificate in digital marketing from the University of Toronto. Read Full Bio
