BlackRock Said to Plan Advisory Business Spinoff

The video discusses two major business moves: Blackstone Group's decision to divest its advisory business, which includes mergers, acquisitions, and restructuring services, and the joint venture between 21st Century Fox and Apollo to create a new content group, with each holding a 50% stake.

What business is Blackstone Group set to divest?

According to the text, who provided the information about the divestment plans?

What types of services are included in the spinoff business mentioned?

Who are the two entities jointly forming a new content group?

What percentage stake will each entity own in the new content provider?