Investment firm **Blackstone (BX)** has been keeping busy within the investment space. They offloaded the Turtle Bay Resort in Hawaii for a total of $725M in addition to selling other real estate assets. Shares in Blackstone were sold by Orion Portfolio Solutions LLC totaling an undisclosed amount. The firm's Q1 2024 earnings call revealed robust financial results. Significantly, Blackstone has plans to extend equity ownership to more of their employees. Furthermore, Blackstone has made efforts to invest in growth, specifically in a collaboration to support Moderna's Influenza Program and a growth investment in 7 Brew. Despite some share performance dips, overall, Blackstone shares continue to perform strengthening the financial health of the firm. A joint venture with Digital Realty was announced, promising a $7 billion hyperscale data center development. Further expansion was noted with a significant minority growth investment in Salas O'Brien. The firm has also announced plans to borrow $1 billion backed by their own assets. In a high-profile move, the firm was reported to gain an endorsement from former US President Donald Trump, strengthening its image in the corporate sector.
Blackstone BX News Analytics from Thu, 10 Aug 2023 07:00:00 GMT to Wed, 29 May 2024 21:58:00 GMT -
Rating 8
- Innovation 7
- Information 7
- Rumor 3
