Blackstone talks on $4 billion New World Deal stall over control, Bloomberg News reports

March 4 (Reuters) – Private equity firm Blackstone’s talks with New World Development have stalled as the Cheng family, which runs the Hong Kong property developer, is resisting giving up control, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Reuters could not immediately verify the report.

(Reporting by Mihika Sharma in Bengaluru; Editing by Mrigank Dhaniwala)

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