BlackRock Looking For Partner To Buy Bank Of America (BAC, BLK)

by Roger Nachman, Benzinga Staff Writer

October 22, 2010 2:38 PM | 25 seconds read | Make a Comment

In what could potentially be the biggest news of 2010, Charlie Gasparino has just said on Fox Business Network that Blackrock

BLK

CEO Larry Fink has begun looking for a partner to buy 35% of Bank of America

BAC

. Blackrock currently owns around 5.3% of Bank of America. In an interesting note, Bank of America also owns 34% of Blackrock, thanks to its acquisition of Merrill Lynch. More on this as it comes.

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BlackRock Looking For Partner To Buy Bank Of America (BAC, BLK)