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Private talks in which Abu Dhabi state fund International Petroleum Investment Co. is seeking $6.5 billion from Malaysia's troubled 1MDB fund have reached deadlock, sources familiar with the negotiations told Reuters.IPIC took its case to the London Court of International Arbitration last June but the two state-owned investment companies have been trying to thrash out a private settlement since then, the sources said.In December, IPIC proposed that 1MDB pay it an initial $1.2 billion to help reach a final settlement but the Malaysian side rejected this, the sources said.
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