Vista Equity Partners and Blackstone in advanced talks for $8B acquisition of cloud-based software company Smartsheet.
Vista Equity Partners and Blackstone are reportedly in advanced talks to acquire cloud-based software company Smartsheet for approximately $8 billion, valuing shares at around $56 each. If successful, the deal would be one of the largest take-private transactions of the year. Smartsheet's software is utilized by a majority of Fortune 500 companies, including Pfizer and Cisco. An announcement is expected soon, pending any last-minute issues.
September 16, 2024
7 Articles