BlackRock in Talks to Cancel Option to Take Over iCapital Network

BlackRock’s option is slated to go away when the firm participates in a coming fundraising round alongside other investors. iCapital has been seeking to raise roughly $100 million in a round expected to value the firm at more than $700 million, people said. BlackRock’s option allows it to buy iCapital in a deal valuing the fintech firm at roughly up to $400 million plus excess balance-sheet cash, some of the people said.

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