My sense is that Refinitiv will divest both of these businesses in the near term and that will be a part of the cost cutting measures and 5% RIF. Thoughts?
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I think they will sell anything that turns Blackstone a profit. This is not about the company as a going concern rather about monetizing assets.
I think they will keep Tradeweb and sell FX, Dealing and Matching.
“FX is pretty much gone in NYC.”
Sorry to hear that.
FXAll was a 600 million investment for TR a few years ago.
Surprised they have got rid of all the staff involved ?
FX is pretty much gone in NYC.
Employees are a companies biggest assets and that what they sell off first :-)
I can also see FXAll and D3000 being sold off next year.
They would get 3 billion plus for these assets.
DC said in recent FT article that both were of strategic value and crown jewel assets.... so based on that I'd agree, definitely for selling.