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The Blackstone Group has agreed to acquire the tech-enabled benefits and HR platform of Aon PLC (NYSE: AON) for upwards of $4.8 billion in cash. The deal includes a $4.3 billion upfront payment, and $500 million in possible earn-outs. Aon had acquired the business ― which serves around 15% of all U.S. workers ― in as part of its $4.9 billion purchase of Hewitt Associates in 2010, but recently decided that it didn't fit within its core focus area.

• Digging deeper: This is really a quintessential leveraged buyout. It's carving out a slowish-growth, cash-flow steady business that doesn't have too many synergistic complications with its parent company. Plus, Blackstone has some experience in the general sector, vis-a-vis its existing investment in Kronos (a company that's more like a thematic cousin than a rival to the acquired biz). Blackstone's win also comes as a bit of surprise, given earlier (and I'm told erroneous) reports that Clayton Dubilier was in pole position to win the auction. Finally, familiarity can breed buyouts, as some of Blackstone's portfolio companies, such as Hilton, were already customers.

• Bottom line: "This company is oriented toward the Fortune 100, and those companies frankly haven't had massive employment growth over the last couple of years. The opportunity is to take what this company has been doing for the Fortune 100 and expand it to the Fortune 1000… This is not a fixer-upper, nor something that's been ignored by Aon. It's just not their primary focus, and we think we can invest more and innovate more to help it expand." ― Peter Wallace, senior managing director at Blackstone Group, speaking to Axios.

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DOJ: Capitol rioter threatened to "assassinate" Alexandria Ocasio-Cortez

Supporters of former President Trump storm the U.S. Captiol on Jan. 6. Photo: Kent Nishimura / Los Angeles Times via Getty Images

A Texas man who has been charged with storming the U.S. Capitol in the deadly Jan. 6 siege posted death threats against Rep. Alexandria Ocasio-Cortez (D-N.Y.), the Department of Justice said.

The big picture: Garret Miller faces five charges in connection to the riot by supporters of former President Trump, including violent entry and disorderly conduct on Capitol grounds and making threats. According to court documents, Miller posted violent threats online the day of the siege, including tweeting “Assassinate AOC.”

Schumer calls for IG probe into alleged plan by Trump, DOJ lawyer to oust acting AG

Jeffrey Clark speaks next to Deputy US Attorney General Jeffrey Rosen at a news conference in October. Photo: Yuri Gripas/AFP via Getty Images.

Senate Majority Leader Chuck Schumer (D-N.Y.) on Saturday called for the Justice Department inspector general to investigate an alleged plan by former President Trump and a DOJ lawyer to remove the acting attorney general and replace him with someone more willing to investigate unfounded claims of election fraud.

Driving the news: The New York Times first reported Friday that the lawyer, Jeffrey Clark, allegedly devised "ways to cast doubt on the election results and to bolster Mr. Trump’s continuing legal battles and the pressure on Georgia politicians. Because Mr. [Jeffrey] Rosen had refused the president’s entreaties to carry out those plans, Mr. Trump was about to decide whether to fire Mr. Rosen and replace him with Mr. Clark."