Blackstone acquires media & data firm IDG for $1.3B
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Blackstone acquires media & data firm IDG for $1.3B. Image Source: IANS News
New Delhi, June 4 : Leading investment firm Blackstone has acquired media and data company International Data Group (IDG) for $1.3 billion.
Private equity funds managed by Blackstone entered into a definitive agreement to acquire IDG from Oriental Rainbow, a subsidiary of China Oceanwide Holdings Group.
Founded in 1964, IDG provides market intelligence for the fast-growing technology industry. The high-quality data, analytics, and insights IDG delivers to technology leaders are only becoming more critical as the pace of growth and innovation accelerates, said Peter Wallace, Global Head of Core Private Equity at Blackstone.
Read more about Blackstone acquires media & data firm IDG for $1.3B on Business Standard. Leading investment firm Blackstone has acquired media and data company International Data Group (IDG) for $1.3 billion
Blackstone to Buy Interior Logic for $1.6 Billion in Housing Bet Interior Logic is an interior design technology provider that also offers supply chain and installation management services to homebuilders. Bloomberg | Feb 02, 2021
(Bloomberg) Blackstone Group Inc. is buying Interior Logic Group Inc. for about $1.6 billion including debt, preempting the company’s initial public offering and bolstering a bet on single-family housing.
Private equity funds managed by Blackstone are acquiring the interior-design technology provider from a group including Littlejohn & Co. and Platinum Equity, according to an emailed statement Monday. Last month, Interior Logic applied to list on the Nasdaq under the ticker “ILG.”
Blackstone to buy Interior Logic for US$1.6 Billion in housing bet
Melissa Karsh, Bloomberg News VIDEO SIGN OUT
Blackstone Group Inc. is buying Interior Logic Group Inc. for about US$1.6 billion including debt, preempting the companyâs initial public offering and bolstering a bet on single-family housing.
Private equity funds managed by Blackstone are acquiring the interior-design technology provider from a group including Littlejohn & Co. and Platinum Equity, according to an emailed statement Monday. Last month, Interior Logic applied to list on the Nasdaq under the ticker âILG.â
Interior Logic also provides supply-chain and installation-management services to homebuilders. The Irvine, California-based company operates in 37 states. Blackstone hopes to expand the companyâs geographic reach and enhance its technology, said Seth Meisel, a senior managing director with the firm.