Blackstone's Billion California Deal Riles University Unions

(Bloomberg) -- Unions representing 110,000 University of California workers demanded that the system divest holdings from Blackstone Inc., includin...

January 13, 2023
11:10 PM

(Bloomberg) -- Unions representing 110,000 University of California workers demanded that the system divest holdings from Blackstone Inc., including a recent $4 billion investment with its massive real estate trust. Most Read from Bloomberg Elon Musk Fan With 2,900% Gain Sees $1.5 Million Wiped Away The Document That Separates Biden and Trump T-Mobile Considers Buying Ryan Reynolds's Mint Mobile US Inflation Cools Again, Putting Fed on Track to Downshift Tesla Slashes Prices Up to 20% in Broad Bid to Boost Sales The groups are contending that the relationship with the private equity firm will worsen the housing shortage for students and employees, according to a letter dated Friday.

John Gittelsohn