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Vista Equity Partners and Blackstone are nearing a deal to acquire Smartsheet, a collaboration-software maker, for approximately $56 per share or nearly $8 billion. The buyout firms are in advanced negotiations to finalize the acquisition, according to sources familiar with the matter. The transaction would value Smartsheet at close to $8 billion, reflecting the companies' confidence in the growth potential of the collaboration software industry. The ticker symbol for Smartsheet is $SMAR.
📣 JUST IN: Vista & Blackstone Near $8B Acquisition Deal for Smartsheet $SMAR $BX 👉 𝐊𝐞𝐲 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬: 📍 𝐕𝐢𝐬𝐭𝐚 𝐄𝐪𝐮𝐢𝐭𝐲 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬 and 𝐁𝐥𝐚𝐜𝐤𝐬𝐭𝐨𝐧𝐞 in advanced talks to buy 𝐒𝐦𝐚𝐫𝐭𝐬𝐡𝐞𝐞𝐭. 📍 Deal could value 𝐒𝐦𝐚𝐫𝐭𝐬𝐡𝐞𝐞𝐭 at $𝟖… https://t.co/Ujq2DoqIlS
🚨🇺🇸VISTA AND BLACKSTONE NEAR $8-BILLION DEAL TO ACQUIRE SMARTSHEET Private equity giants Vista Equity Partners and Blackstone are in advanced negotiations to acquire Smartsheet, the collaboration-software maker, in a deal valued at nearly $8 billion. The firms are discussing… https://t.co/DxjMQmx5Bl
*VISTA, BLACKSTONE NEAR ~$56/SHR DEAL FOR SMARTSHEET: REUTERS $SMAR
