Investment firm Blackstone Group Inc. held discussions to acquire a stake in its U.S.-based peer Citadel LLC, The Wall Street Journal reported Oct. 12, citing sources.
Blackstone is eyeing an investment in Citadel's hedge-fund arm and securities trading unit, with the hedge fund reportedly worth anywhere from $5 billion to $7 billion.
A Blackstone spokeswoman told the WSJ that the company is not in deal talks with Citadel.
