The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
The Pentagon will deploy U.S. forces to the Middle East on the heels of the attack on Saudi Arabian oil facilities, United States Secretary of Defense Mark Esper announced...Defenseread more
CNBC did a deep dive through the most recent Wall Street research to find stocks that analysts say are underappreciated.Marketsread more
Shares of MasterCard are up 46% this year, and 1120% since 2011, getting a boost from the strong U.S. consumer.Investingread more
CNBC sat in on an "empathy training" at Amazon PillPack's Somerville offices, which is part of new hire orientation.Technologyread more
Trade with China is the 'big unknown' for the Federal Reserve as it decides how best to support the U.S. economy, says Council on Foreign Relations Director of International...Futures Nowread more
Lobbying experts said the visit is likely an attempt to be in lawmakers' ears as they consider legislation that would impact Facebook.Technologyread more
Yardeni Research's Edward Yardeni believes the U.S. economy is picking up steam.Trading Nationread more
Iran's audacious drone and cruise missile attack on Saudi Arabia's oil producing facilities has provided a critical test yet for the Trump administration's foreign policy. A...Politicsread more
Chinese trade negotiators suddenly canceled a visit to meet U.S. farmers after they wrapped up trade talks in Washington this week.Marketsread more
The huge price tag for Facebook's acquisition of messaging service WhatsApp is hard to justify, but there is clearly value in the app's 450 million users, Blackstone's John Studzinski told CNBC on Friday.
The senior managing director and global head of Blackstone Advisory Partners pointed out that "beauty is in the eye of the beholder" and Facebook $16 billion acquisition of WhatsApp deal was all down to chief executive Mark Zuckerberg's vision.
"That expression, beauty is in the eye of the beholder. You probably have to go back to some aspect of that. I can't justify it but then again I don't have Mark Zuckerberg's vision, I don't have his check book," said Studzinski.
"There is clearly value in those 450 million people, it's a question of what value you put on it and what you are going to do with it," he said.
Facebook bought messaging start-up WhatsApp last month for a staggering $16 billion, plus another $3 billion in restricted stock options. Many investors and analysts were unimpressed with the deal and Facebook's share price slipped almost 4 percent at the time.
Studzinski said he expects to see a lot more merger and acquisition (M&A) activity in big American companies, particularly in tech firms as many of them have cash piles to spend.
(Read more: Facebook buys WhatsApp: A desperate move?)
"Remember there is a lot of big American companies that have a lot cash trapped outside of the U.S. and who don't want to bring it back to the U.S. because they don't want to lose 40 percent of the value of that cash," he said.
"You are going to see a step up in the use of that cash for M&A I think," he added.
Speaking on Blackstone's recent deal with luxury fashion brand Versace, where the group agreed to buy a fifth of the family firm, Studzinski described the brand as having "enormous potential".
The fashion house sold a 20 percent stake to Blackstone for 210 million euros ($287 million), aiming to fund new shops and build on a recent recovery in sales before an eventual stock market listing.
(Read more: Blackstone agrees to buy 20% stake in Versace)
The brand returned to profit in 2011, but has lacked the cash to expand rapidly in fast-growing markets overseas.
"Versace is in the same category as Gucci – the potential to have a much bigger Versace in terms of revenue in terms of profit in terms of global scope, Blackstone believes is there," he added.
Studinski also dismissed any rumors the private equity group had plans to up the 20 percent stake in the company.
"I think you should just assume that what is in the public domain is the state of our current thinking," he said.
—By CNBC's Jenny Cosgrave: Follow her onTwitter @jenny_cosgrave