The talks failed over competing visions as BlackRock wanted a majority stake in the firm, but Warburg Pincus had no desire to relinquish control, according to the report.
Discussions about a potential partnership between the two companies were serious but short-lived and never reached the point of discussing a price or a formal structure, the report added.
BlackRock and Warburg Pincus declined to comment.
Source: Economy - investing.com
