Investment firm Blackstone Inc. would buy a majority stake in Spanx, valuing the shapewear maker at $1.2 billion, the companies said on Wednesday. The deal will allow Spanx to further expand globally and help it strengthen its online business, they added. Spanx founder and Chief Executive Officer Sara Blakely would become the executive chairwoman of…
Blackstone Buys Majority Stake in Spanx, Valuing It at $1.2 Billion
October 20, 2021
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Chinese Office Developer Shares Plunge 40 Percent After Blackstone Drops Acquisition
September 14, 2021
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Beijing-based Soho China Ltd. plunged in Hong Kong trading on Sept. 13. after U.S. private equity giant Blackstone Group Inc. dropped a $3 billion takeover deal last week. The commercial real estate developer, one of the largest in China, saw the biggest daily plunge in its stock price in the past 14 years. It came…
Flooding Strikes Southwestern China
China mandates strict prevention measures against the latest Delta variant surge. Questions are rising over the Chinese Communist Party’s “zero tolerance” lockdown strategy and if it’s actually working. A video emerges from China’s new virus hotspot. Rumors circulating online say a student there died shortly after getting a dose of a Chinese-made vaccine. China’s “bat…
Beijing Conducting Probe Into Blackstone’s $3 Billion Bid on Chinese Real Estate Developer
American investment management company Blackstone is under antitrust investigation over its deal with SOHO China, one of China’s largest real estate developers. The investigation may take six months to be carried out. If the deal is approved, Blackstone will pay over $3 billion to its Chinese partner, making it the New York-headquartered company’s biggest bet…
US Investment Giant Blackstone Bids for Troubled Australian Casino Group Crown
An $8 billion offer for gaming giant Crown Resorts from a US investment fund could be good news for shareholders of the troubled group, according to a market expert. U.S. private equity group Blackstone has made an unsolicited, non-binding offer of $11.85 cash per share. The offer represents a premium of 19 per cent to Crown’s weighted…
Foley-Backed SPAC Agrees to $7.3 Billion Deal With Blackstone’s Alight
A blank-check firm backed by prominent investor Bill Foley has agreed to take Alight Solutions LLC, the U.S. benefits services provider owned by buyout firm Blackstone Group, public in a deal valued at $7.3 billion, the companies said on Monday. Reuters was first to report on Sunday that special purpose acquisition company (SPAC) Foley Trasimene…
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