"We would much rather work with you guys than against you," Blackstone (BX) President Tony James wrote to KKR co-founder George Roberts in an email. "Together we can be unstoppable but in opposition we can cost each other a lot of money," James wrote. "Agreed," replied Roberts. The exchange and other emails are evidence in a lawsuit against 10 firms alleging that they conspired to keep the cost of buyouts down.
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