Blackstone drops $4 billion New World deal, Bloomberg News reports
13/05/2026 10:18
May 13 (Reuters) - Blackstone BX.N has walked away from a proposed $4 billion tie-up with Hong Kong's New World Development 0017.HK after the struggling property developer refused to hand over the reins, Bloomberg News reported on Wednesday, citing people familiar with the matter. (Reporting by Anusha Shah in Bengaluru) ((AnushaDevang.Shah@thomsonreuters.com;))
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