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Blackstone Inc - BX STOCK NEWS

Welcome to our dedicated news page for Blackstone (Ticker: BX), a resource for investors and traders seeking the latest updates and insights on Blackstone.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Blackstone's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Blackstone's position in the market.

News
Blackstone Announces Minority Growth Investment in Salas O’Brien
Rhea-AI Summary
Blackstone (BX) and Salas O'Brien announced a partnership where Blackstone made a strategic minority growth investment to help accelerate the Company’s expansion within the architectural, engineering, and construction (AEC) market. Salas O'Brien will continue to be majority owned by its team members. The investment aims to provide greater access to talent, enhance technology resources, and better serve more clients while retaining employee ownership and in partnership with Blackstone.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.59%
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none
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News
Blackstone Real Estate to Take Tricon Residential Private
Rhea-AI Summary
Blackstone and Tricon Residential Inc. have entered into an arrangement agreement under which Blackstone Real Estate Partners X together with Blackstone Real Estate Income Trust, Inc. will acquire all outstanding common shares of Tricon for $11.25 per Common Share in cash. The transaction represents a premium of 30% to Tricon’s closing share price on the NYSE on January 18, 2024, and a 42% premium to the volume weighted average share price on the NYSE over the previous 90 days, equating to a $3.5 billion equity transaction value based on fully-diluted shares outstanding. The acquisition aims to propel Tricon’s efforts to add housing supply across the U.S. and in Toronto, Canada.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.7%
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none
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News
Blackstone Announces New Co-Chief Investment Officers and Co-Head of Real Estate
Rhea-AI Summary
Blackstone (BX) promotes Ken Caplan and Lionel Assant to Co-Chief Investment Officers, Nadeem Meghji to Global Co-Head of Real Estate, and Gio Cutaia to Global Chief Operating Officer of Real Estate. The company recently surpassed $1 trillion in Assets Under Management (AUM), and the promotions aim to enhance investment coordination and oversight.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.32%
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none
News
NiSource Inc. Completes NIPSCO Minority Equity Interest Transaction
Rhea-AI Summary
NiSource Inc. (NYSE: NI) completes the issuance of a 19.9% indirect equity interest in NIPSCO to Blackstone Infrastructure Partners affiliate for $2.16 billion, with an additional equity commitment of $250 million. The investment aims to strengthen NIPSCO's financial foundation, support sustainable long-term growth, and fund ongoing capital requirements for energy transition and reindustrialization of the Midwest.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.02%
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none
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News
Blackstone Real Estate Debt Strategies, Blackstone Real Estate Income Trust, CPP Investments and Rialto Capital Acquire a 20% Equity Stake in a Venture Holding Approximately $17 Billion Commercial Real Estate Loan Portfolio of Former Signature Bank
Rhea-AI Summary
Blackstone Real Estate Debt Strategies (BREDS), Blackstone Real Estate Income Trust, Inc. (BREIT), Canada Pension Plan Investment Board (CPPIB) and Rialto Capital form a joint venture with the FDIC to acquire a 20% equity stake for $1.2 billion in a $16.8 billion senior mortgage loan portfolio following the failure of Signature Bank. The commercial real estate loan portfolio consists of over 2,600 first mortgage loans on properties in the New York metropolitan area. Blackstone will be the lead asset manager, and Rialto Capital will act as the loan servicer and operating partner.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.7%
Tags
acquisition
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News
Pathlabs Appoints Morgan Welch as VP of Marketing
Rhea-AI Summary
Pathlabs (PATH) welcomes Morgan Welch as Vice President of Marketing. Welch, formerly VP of Marketing at Simpli.fi, joins after a successful tenure and brings strategic marketing expertise. Mario Schulzke, COO, praises her intelligence and drive. Welch's appointment reflects Pathlabs' rapid growth in 2023 and their focus on telling their story, growing the MEP category, and providing value to clients. Her experience at Simpli.fi, including driving strategic marketing initiatives that led to a recent investment from Blackstone (NYSE: BX) at a $1.5 Billion valuation, positions her to lead Pathlabs' marketing team.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.37%
Tags
management
News
Digital Realty and Blackstone Announce $7 Billion Hyperscale Data Center Development Joint Venture
Rhea-AI Summary
Digital Realty (NYSE: DLR) and Blackstone Inc. (NYSE: BX) have agreed to establish a joint venture to develop four hyperscale data center campuses across three metro areas in Europe and North America. Blackstone will acquire an 80% ownership interest in the joint venture for approximately $700 million, while Digital Realty will maintain a 20% interest. The developments are expected to support approximately 500 megawatts (MW) of total IT load upon full build-out of all campuses, with a total estimated development cost of approximately $7 billion over the next several years.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.13%
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none
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News
Blackstone Acquires Power Grid Components, Inc., a Leading Supplier of Critical Components for the Electrical Grid
Rhea-AI Summary
Blackstone (BX) acquires Power Grid Components, Inc. from Shorehill Capital LLC. PGC is a leading designer and manufacturer of critical components for electrical substations, essential for managing power flows and supporting renewable energy deployment. PGC's CEO and senior leaders will remain with the business. Blackstone sees tremendous growth potential for PGC and plans to capitalize on the opportunities within the U.S. electrical grid.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.23%
Tags
acquisition
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News
Blackstone Strategic Partners Closes Eighth Real Estate Secondaries Fund at $2.6 Billion
Rhea-AI Summary
Blackstone (BX) closes $2.6 billion for its latest real estate secondaries fund, Strategic Partners Real Estate VIII L.P., and related program vehicles. The company's Global Head of Strategic Partners, Verdun Perry, expressed gratitude to investors and commitment to generating strong risk-adjusted returns. Mark Burton, Senior Managing Director, highlighted the company's substantial scale and private market footprint, positioning them to capitalize on growing opportunities in the real estate secondaries market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.9%
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none
News
Blackstone to Present at the Goldman Sachs 2023 US Financial Services Conference
Rhea-AI Summary
Blackstone (BX) to Present at Goldman Sachs 2023 US Financial Services Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.42%
Tags
conferences
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Blackstone Inc

NYSE:BX

BX Rankings

#127 Ranked by Market Cap
#2091 Ranked by Stock Gains
#1208 Ranked by Dividends

BX Stock Data

149.63B
711.09M
1.02%
71.19%
2.55%
Portfolio Management
Finance and Insurance
Link
US
New York

About BX

blackstone is the world’s largest alternative asset manager. we seek to create positive economic impact and long-term value for our investors, the companies we invest in, and the communities in which we work. we do this by using extraordinary people and flexible capital to help companies solve problems. our $731 billion in assets under management include investment vehicles focused on private equity, real estate, public debt and equity, infrastructure, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds, all on a global basis. further information is available at www.blackstone.com. follow blackstone on twitter @blackstone.