Blackstone reaffirms big bet on AI data centers despite DeepSeek threat
Blackstone stated on Thursday that large -scale investment in data centers was not impaired by low -cost artificial intelligence models from Deep Seek in China because the need for physical infrastructure was still indispensable for AI. An alternative asset manager with a leasing data center equivalent to $ 80 billion is based on this segment […]
Blackstone is buying Jersey Mike’s: it also has a stake in these big brands
See what's being clicked on FoxBusiness.com. Blackstone is poised to become majority owner of Jersey Mike's through a deal the investment firm announced Tuesday. The investment firm, run by CEO Stephen Schwartzman, plans to close on the sandwich chain early next year, when it plans to close on the sandwich chain through its latest flagship […]
Jersey Mike’s Subs acquired by Blackstone in $8B deal
Blackstone announced Tuesday that it has agreed to buy Jersey Mike's Subs, valuing the company at about $8 billion, including debt, one person said. Reuters reported on Monday, citing people familiar with the matter, that Blackstone was nearing a deal with Jersey Mike's. The deal, expected to close in early 2025, highlights private equity (PE) […]
Blackstone to become majority owner of Jersey Mike’s
See what's being clicked on FoxBusiness.com. Blackstone announced Tuesday that it will acquire sandwich chain Jersey Mike's Subs. The asset management company said majority ownership would be purchased by a “state-of-the-art flagship private equity vehicle” and other funds it manages. Blackstone aims to complete the acquisition early next year. The deal values the company at […]
Vista, Blackstone buying software maker Smartsheet for about $8.4 billion
Former Treasury Secretary Steven Mnuchin and Contrast Securities CEO Alan Naumann, who have founded a new private equity firm, Liberty Strategic Capital, are discussing the agreement. Acquired by private equity firms Vista Equity Partners and Blackstone Software Maker Acquired Smartsheet for approximately $8.4 billion in cash. Vista and Blackstone announced Tuesday that they would pay […]
Blackstone to sell Motel 6 chain and its parent company for $525M
An India-based hotel management company is acquiring Motel 6, a leading American budget motel chain. Olabel Stays, the parent company of global travel technology company Oyo, has announced that it will acquire franchisor G6 Hospitality and its extended-stay brands Motel 6 and Studio 6 for $525 million to current owner Blackstone. Blackstone, the New York-based […]
Billionaire Blackstone boss Steve Schwarzman hits surprising bump in developing $100M country estate
One of Wall Street’s giants, Blackstone’s Steve Schwarzman, may have finally found the equivalent of that tiniest of creatures: the English red newt. The private equity boss is looking to renovate a rundown 2,500-acre country estate in Wiltshire, southern England, which he bought in 2022 for $100 million. But Britain’s notoriously strict town planning laws […]
Blackstone boosts footprint at 345 Park Ave.
Blackstone’s impending deal to expand its global headquarters, Rudin Management, by 250,000 square feet at 345 Park Avenue, is a sign of strength on two playing fields: Park Avenue and the world. Blackstone, the powerful asset manager led by Stephen Schwarzman, is the world’s largest owner of commercial real estate. Continued expansion in the face […]
Vistry sells 1,750 homes to Blackstone; UK retail sales rise slightly in May – business live | Business
Important Events Stock prices and oil prices continue to fall British and European stock prices are falling and oil prices are falling further as investors expect supply to increase this year. London’s FTSE 100 index fell 34 points, or 0.4%, while Germany’s DAX and France’s CAC both fell about 0.3%, and Italy’s FTSE MiB lost […]
Blackstone set to purchase Tropical Smoothie Cafe for nearly $2 billion
Former U.S. International Trade Commission Secretary Peter Morisi accused President Biden of being “out of touch” with Defense Secretary Lloyd Austin as the U.S. Navy continues its engagement in Yemen. New York City-based private equity firm Blackstone announced Wednesday that it has entered into a deal to acquire Tropical Smoothie Cafe for $2 billion. Blackstone […]