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Blackstone Drops $4 Billion New World Deal Over Control Clash
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Blackstone Drops $4 Billion New World Deal Over Control Clash

Bloomberg Markets · May 13, 2026, 8:57 AM

Blackstone Inc. has walked away from a proposed $4 billion tie-up with New World Development Co. after the embattled property developer refused to hand over the reins, people familiar with the matter said.

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