Welcome to our dedicated page for Blackstone news (Ticker: BX), a resource for investors and traders seeking the latest updates and insights on Blackstone stock.
Blackstone Inc. manages alternative investment strategies across private equity, real estate and real assets, credit and insurance, and other alternatives for institutional, insurance and individual investors. News about BX commonly covers operating and financial results, realization activity, dividend announcements, fund and platform launches, and investments made through Blackstone-affiliated strategies.
Recurring developments include Blackstone Real Estate Debt Strategies lending activity, Blackstone Life Sciences financings, energy-transition and power-generation investments, data-center and digital-infrastructure initiatives, and partnerships tied to enterprise technology and AI deployment. Coverage also reflects capital formation, portfolio-company activity and updates from public vehicles connected to Blackstone platforms.
Blackstone (NYSE: BX) has announced a $250 million investment to establish a new CAR T-cell therapy company alongside Intellia Therapeutics (NASDAQ: NTLA) and Cellex. This venture will feature a blend of GEMoaB's advanced CAR-T technology and Intellia's CRISPR genomic engineering. Aimed at improving efficacy and safety across various cancers, the new company will be based in Cambridge, Massachusetts, with operations in Germany. Andrew Schiermeier will lead this initiative, focusing on providing innovative treatments for tough-to-treat cancers and autoimmune conditions.
Blackstone (BX) and Vista Equity Partners have announced their agreement to acquire Ellucian, a leading higher education technology provider, from TPG Capital and Leonard Green & Partners. This investment will focus on innovation in digital transformation within the higher education sector, leveraging Ellucian's comprehensive ERP solutions. With over 2,700 customers globally, Ellucian aims to enhance operational efficiency for educational institutions. Blackstone emphasizes a long-term commitment, aiming to develop Ellucian's SaaS platform and expand its international market reach.
QTS Realty Trust (NYSE: QTS) and Blackstone (NYSE: BX) announced a definitive agreement for Blackstone to acquire all outstanding shares of QTS for $78.00 per share, valuing the transaction at approximately $10 billion. This represents a 21% premium to QTS' closing share price as of June 4, 2021. The deal, approved unanimously by QTS' Board, is expected to close in the second half of 2021, pending stockholder and regulatory approvals. QTS will maintain its management team and corporate headquarters post-transaction.
Blackstone (NYSE:BX) has agreed to acquire International Data Group, Inc. (IDG) from Oriental Rainbow for an enterprise value of $1.3 billion. Founded in 1964, IDG specializes in market intelligence for the technology sector. This acquisition aims to enhance IDG's capabilities and allow for substantial investment in growth opportunities. Blackstone's investment is expected to accelerate IDG's product offerings and market leadership. The deal is part of IDG's strategy to leverage advanced analytics to meet the increasing demand for technology insights.
Blackstone (NYSE:BX) announced that CFO Michael Chae will present at Morgan Stanley’s Virtual Financials, Payments, and CRE Conference on June 15, 2021, at 1:15 pm ET. A live webcast of the presentation can be accessed on Blackstone’s Shareholders section of their website. A replay will also be available shortly after the event for those unable to listen live. Blackstone manages $649 billion in assets across diverse investment vehicles and focuses on creating long-term value.
Walker Edison, a leading e-commerce furniture supplier, announced a significant minority investment from Blackstone Tactical Opportunities (NYSE: BX) on May 24, 2021. The company's founders and Prospect Hill Growth Partners retain majority control. Walker Edison is recognized for its data-driven solutions and extensive logistical network, powering major e-commerce platforms with ready-to-assemble furniture. Blackstone sees potential for growth amid the increasing online purchasing trend, capitalizing on Walker Edison's technological strengths. Financial terms of the investment were not disclosed.
Blackstone (NYSE:BX) has appointed Alasdair Cathcart as a Senior Advisor to Blackstone Energy Partners, bringing over 30 years of experience from Bechtel, where he oversaw large energy projects. His expertise is expected to enhance Blackstone’s strategy in identifying opportunities for cleaner and more efficient energy solutions. The Global Head of Blackstone Energy, David Foley, expressed confidence that Cathcart’s deep experience will strengthen the team’s capabilities. Cathcart previously led Bechtel’s Oil, Gas & Chemicals division, managing thousands of professionals across multiple business lines.
Blackstone (NYSE:BX) announced that Jon Gray, President & Chief Operating Officer, will present at Bernstein’s 37th Annual Strategic Decisions Conference on June 3, 2021, at 2:30 pm ET. A live webcast will be available on Blackstone’s website, and a replay will be accessible afterward for those unable to attend. Blackstone manages $649 billion in assets across various investment vehicles, including private equity and real estate. For more information, visit Blackstone’s Investor Relations page.
Blackstone (NYSE:BX) has appointed Paget MacColl as the new Global Head of its Alternative Asset Management (BAAM) Institutional Client Solutions. With nearly 20 years of experience in alternative investments, she will lead BAAM’s Limited Partner relationships and global business development. Joe Dowling, Co-Head of BAAM, emphasized her strategic expertise as vital for driving innovation within BAAM. Previously, she held significant roles at Goldman Sachs Asset Management, enhancing institutional client engagement across the Americas.
Blackstone Tactical Opportunities and Blackstone Infrastructure Partners have announced an investment in Hotwire Communications, a leading fiber-to-the-home provider in the U.S. Hotwire, co-founded in 2000, delivers high-speed internet and telecommunication services across Florida, Georgia, and the Carolinas. With accolades for consumer satisfaction and speed, Hotwire is positioned for growth amidst increasing demand for fiber connectivity. Blackstone aims to leverage its resources to enhance Hotwire’s expansion in the rapidly evolving digital market.