BUZZ-BlackRock rises after buying HPS Investment in $12 bln deal ** Shares of asset manager BlackRock BLK.N rise 1% to $1,030 in premarket trading
** BLK will buy private credit firm HPS Investment Partners for about $12 billion in an all-stock deal - cos
** BlackRock has been on an acquisition spree this year, spending roughly $28 billion as it positions as a comprehensive platform for investors by integrating public and private markets
** BlackRock, which manages $11.5 trillion in assets, has an existing $85 billion private credit platform as of Sept. 30
** As of last close, stock is up 25.7% YTD
(Reporting by Jaiveer Singh Shekhawat in Bengaluru)
((JaiveerSingh.Shekhawat@thomsonreuters.com;))
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