Merrill May Take BlackRock Stake
- Share via
Merrill Lynch & Co. Inc. is in advanced talks to acquire a large stake in money manager BlackRock Inc. for $8 billion, the Wall Street Journal’s online edition reported Sunday.
Citing people familiar with the matter, the Journal said such a deal would create a $1-trillion fund-management colossus and transform Merrill Lynch, the largest U.S. retail brokerage.
Merrill Lynch is stepping into a void created by the recent failure of talks between rival Morgan Stanley and BlackRock, the Journal said. Final terms were being worked out over the weekend, the Journal reported.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
