Blackstone Abandons $4 Billion New World Deal Blackstone's decision to abandon its $4 billion investment in New World Development Group has sent shockwaves through the private equity market, raising questions about the firm's investment strategy and potential implications for other investors.
The proposed deal between Blackstone and New World was one of the largest private equity investments in recent history.
The goal was to acquire a significant stake in New World, which specializes in large scale real estate development projects in Asia.