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Blackstone Gets Gates Backing for $4 3 Billion Private Jet Bid
Gates Backs Blackstone’s $4.3 Billion Bid for Jet-Base Operator Bloomberg 1/8/2021 © Bloomberg The fan blades of an aircraft engine. (Bloomberg) Bill Gates joined the battle for Signature Aviation Plc, allying with Blackstone Group Inc. in a $4.3 billion approach for the world’s biggest operator of private jet bases. Popular Searches Gates’s Cascade Investment LLC, the biggest shareholder in Signature Aviation, and Blackstone are in advanced discussions with the London-based firm on a cash offer of $5.17 per share, they said Friday in a statement. Signature had said in December it would accept a bid from Blackstone if a firm proposal were made at that level.
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