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Blackstone in Talks to Merge Alight With SPAC: Reuters

Blackstone in Talks to Merge Alight With SPAC: Reuters Bloomberg 12/19/2020 Nour Al Ali and Anders Melin © Bloomberg The logo for Blackstone Group LP is displayed during the opening of the company s new office in Singapore, on Monday, Oct. 21, 2013. (Bloomberg) Blackstone Group Inc. is in talks to merge Alight Solutions LLC with Foley Trasimene Acquisition Corp., a blank-check special acquisition firm backed by investor Bill Foley, Reuters reported. The merger would lead to Alight, a benefits administrator business, becoming a publicly-listed firm at a valuation of more than $8 billion, the report said, citing unidentified people familiar with the matter. Talks may not lead to a deal, they said.

Schwarzman and Griffin Give Big to Senate Super-PAC

Schwarzman and Griffin Give Big to Senate Super-PAC Bloomberg 12/10/2020 Bill Allison © Bloomberg Stephen Schwarzman, co-founder and chief executive officer of Blackstone Group Inc., pauses during a Bloomberg Television interview in London, U.K., on Monday, Oct. 7, 2019. U.S. politics is nearly as heated and polarized now as it was in the runup to the Civil War, according to Schwarzman. (Bloomberg) Blackstone Group Inc. co-founder Stephen Schwarzman and Citadel founder Ken Griffin led the big donors pouring post-Election Day money into a super-PAC that supports Republican senators. The Senate Leadership Fund, which has ties to Majority Leader Mitch McConnell, raised $104.2 million between Oct. 15 and Nov. 23, according to its latest filing with Federal Election Commission, including $71.1 million donated after the Nov. 3 general election. Two runoff elections in Georgia that will determine control of the Senate are driving the donations.

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