BlackRock to takeover Cofense after US concerns on Kremlin meddling


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BlackRock to takeover Cofense after US concerns on Kremlin meddling

BlackRock Inc., world’s largest investment company based on New York city with over $6.5 trillion in assets under its management and an influential stakeholder of the cyber security firm Cofense Inc., had been in an advanced stage talk to acquire the Leesburg, Virginia-based cyber security firm, after a US national security panel had asked a London-based asset management firm 47 percent stakeholder of Cofense Inc., Pamplona Capital Management LLP to sell all of its Cofense Inc.

stakes on national security concerns, at least four people familiar with the subject-matter revealed on Sunday, the 28th of July 2019. Although the US Committee on Foreign Investment, dubbed as CFIUS in short, had scrutinized the US-based cyber security firm regarding its stake sales to a foreign acquirer last week, but, it had yet to disclose an in-depth detail on why it had asked the UK-based asset management firm to sell its 47 percent stakes at Cofense Inc., the US-based cyber security firm that protects email users from potential phishing attacks.

Nonetheless, while the latest streak of garrulous debates on US Foreign Investment Committee’s decision to undo a high-profile deal had triggered a rare debarkation of Washington-Kremlin debate over trade in more than three years, as the London-based Pamplona’s private equity fund is majority owned by a Russian billionaire Mikhail Fridman, Pamplona said in a statement while being asked to cast light over the sensitive issue on Sunday (July 28th), “The process remains ongoing and we are working diligently towards a solution. ”