BlackRock’s $13.5billion acquisition of BGI from Barclays has created the world’s largest investment manager, with roughly $2.8trillion of assets under management (AUM). This is greater than the amount overseen by the Fed!
BlackRock will pay $6.6 billion in cash and the rest in stock for BGI.  Barclays will hold a 19.9 percent stake in the combined company. [...]