HomeBusinessBlackstone drops $4 billion New World deal, Bloomberg News reports

Blackstone drops $4 billion New World deal, Bloomberg News reports

May 13, 2026

May 13 : Blackstone has walked away from a proposed $4 billion tie-up with Hong Kong’s New World Development after the struggling property developer refused to hand over the reins, Bloomberg News reported on Wednesday, citing people familiar with the matter.

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Blackstone drops $4 billion New World deal, Bloomberg News reports

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