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Blackstone held talks with Citadel about buying stake

Flagship hedge fund operation could be worth up to $7bn

Blackstone Group has held talks to buy a stake in Ken Griffin’s Citadel, a deal that would unite two of the biggest names in investing.

Blackstone has discussed an investment in both Citadel’s flagship hedge-fund firm and its lower-profile but fast-growing securities-trading operation, said people familiar with the matter. These people described the talks as occasionally contentious and not certain to result in a deal.

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