BlackRock to buy BGI for $13.5 Billion

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BlackRock - which has become todays JP Morgan of the last great depression - has agreed to purchase Barclays Global Investors for a lot of cash (well, and equity).

In a deal that will create the world's largest money manager, the two companies will combine to create a massive new power in the markets. Seriously, BlackRock is the new Goldman Sachs - with connections everywhere.

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