EFTA02648646

From: jeffrey E. <[email protected]> Sent: Wednesday, June 7, 2017 12:03 PM To: Leon Black "Blackstone anticipates that the program will have=$40 billion in total equity commitments in a permanent capital vehicle, including $20 billion to be raised from other investors," Blackstone said in a statement announcing the planned launch of the investment fund. "The M=U is non-binding and the parties will continue their negotiation to agree definitive documentation." Brookings Institution Senior Fellow =ruce Riedel was even less charitable. "There is no deal. It's fak= news," he wrote in a scath=ng piece <https://www.brookings.edu/blogimarkaz/201=/06/05/the-110-billion-arms-deal-to-saudi-arabia-is- fake-newsh on the Brookings website. "I've spoken to contacts in the defense=20 business and on the Hill, and all of them say the same thing: there are a b=nch of letters of interest or intent, but not contracts. Many are offers that the defense industry thinks the Saudis will be interested in someday." It could be=20 years before anyone knows for sure whether the preliminary agreements announced in Saudi Arabia have become real deals worth hundreds of billions, or whether the announcements were the kind of hyperbole Trump perfected during his time in the business world. =AO please note The information contained in this=communication is confidential, may be attorney-client privileged, mayconstitute inside information, and is intended only for the use of the=addressee. It is the property of JEE Unauthorized use, disclosure or=copying of this communication or any part thereof is strictly prohibite= and may be unlawful. If you have received this communication in err=r, please notify us immediately by return e-mail or by e-mail to [email protected]>, and destroy this communication and all copies thereof, including=all attachments. copyright -all rights reserved --94eb2c0e6412de9b4c05515d850b-- conversation-id 41718 date-last-viewed 0 date-received 1496837003 flags 8590195713 gmail-label-ids 7 remote-id 719794 EFTA_R1_01887721 EFTA02648646