BlackRock is reportedly the lead bidder for Barclays fund unit, and could pay more than $12 billion for the company, which has $1.5 trillion under management. BlackRock manages $2.81 trillion.
This could be a transformational deal, Burton Greenwald, president of B.J. Greenwald Associates, told Bloomberg. We could see BlackRock open a number of ETFs in the fixed income space that [PIMCO] specializes in.