March 22, 2019 / 1:35 PM / 3 months ago

BlackRock to buy eFront for $1.3 bln in cash

March 22 (Reuters) - Asset manager BlackRock Inc said on Friday it would buy investment software provider eFront from private equity firm Bridgepoint and eFront's employees for $1.3 billion in cash.

The deal will be funded with a combination of existing corporate liquidity and debt. (Reporting by Arjun Panchadar in Bengaluru; Editing by Shinjini Ganguli)

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