Why Blackstone is moving to become a corporation
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Blackstone's stock pops after the company announces it its converting from a partnership to a corporation. Yahoo Finance's Seana Smith and Brian Cheung discuss.
  • R Coleman
    Non-story. Don't waste your time.
  • KC
    It's hilarious how little these teeny-bopper Yahoo analysts understand about the subjects they yammer on about. "Getting more investors into Blackstones stock" is the same as saying "getting existing partners out of their exposure to the stock". This move is really about Blackstones very rich partners pumping and dumping, as they sneak out the back door with bags of other people's cash.
  • Joseph
    Will this reduce their divvy since BX will be paying taxes before distributing?
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