Blackstone, Bill Gates weigh US$4.3 billion Signature Aviation bid
Anthony Palazzo and Christopher Jasper, Bloomberg News
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Bill Gates joined the battle for Signature Aviation Plc, allying with Blackstone Group Inc.âs US$4.3 billion approach for the worldâs biggest operator of private jet bases.
Gatesâs Cascade Investment LLC, the No. 1 shareholder in Signature Aviation, and Blackstone are in advanced discussions with the London-based firm on a US$5.17-a-share cash offer, they said Friday in a statement. Signature had said in December it would accept an approach from Blackstone if a firm offer were made at that level.