Blackstone Inc. shares fall 1.23% intraday as New World Development's potential take-private deal discussions with Blackstone are in early stages.

Blackstone Inc. declined 1.23% intraday, with the company being mentioned in a potential take-private deal for Hong Kong property developer New World Development. The discussions, which could involve preferred or ordinary equity, are in the early stages and subject to change. Additionally, F&G Annuities & Life, Inc. announced a strategic partnership with a new reinsurance vehicle backed by Blackstone managed funds, with approximately $1 billion in anticipated capital commitments.