Trending: Blackstone Nears $2.5 Billion Deal to Buy Civica
22 November 2023 - 6:26AM
Dow Jones News
13:40 ET -- Blackstone is one of the most mentioned companies in
the U.S. across all news items in the last 12 hours, according to
Factiva data. Blackstone is in advanced talks to buy U.K.-based
software developer Civica in a deal valued at close to $2.5
billion, according to people familiar with the matter. Civica would
give Blackstone a global operation with recurring revenue from the
sale of payroll, medical records and property management software.
Also, an investor group including Blackstone and Permira, a rival
buyout firm, launched a tender offer for Adevinta, an Oslo-listed
online-classifieds business backed by eBay. The bid values Adevinta
at about 141 billion Norwegian kroner ($13.2 billion). Dow Jones
& Co. owns Factiva. (jennifer.tershak@wsj.com)
(END) Dow Jones Newswires
November 21, 2023 14:11 ET (19:11 GMT)
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