Blackstone Group Inc. (BX) has recently been in the focus due to its diverse active undertakings. The company's Q1 2024 earnings met Wall Street estimates, led by credit and retail lines driving slightly over expected profits. Several investment firms such as Federated Hermes and Fifth Third Bancorp have adjusted their positions, while the Royal Fund Management holds significant assets in BX. Notably, Blackstone made a successful $1.24/share offer for Hipgnosis Songs Fund, outbidding Concord. The company has also shown interest in real estate, acquiring Related's W Fort Lauderdale Hotel for $98M, and announcing the privatization of Tricon. Collaborations have been part of its strategy, such as a joint venture with Digital Realty to develop a $7 billion hyperscale data center. The group also took a growth stake in 7 Brew and provided support to Moderna's Influenza Program via Blackstone Life Sciences. Other investment news includes the acquisition of Tropical Smoothie Café, and the hiring of Morgan Stanley's Leiter for a senior credit role. With more than $1 trillion AUM and reports suggesting a robust performance, BX continues to play an active role in the investment market.
Blackstone BX News Analytics from Thu, 19 Oct 2023 07:00:00 GMT to Mon, 06 May 2024 17:02:25 GMT -
Rating 8
- Innovation 3
- Information 7
- Rumor 3
