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Blackstone and Vista Equity Partners are acquiring software maker Smartsheet for $8.4 billion in cash, or $56.50 per share; the deal is expected to close in Smartsheet's fiscal fourth quarter.

Blackstone and Vista Equity Partners have agreed to acquire software provider Smartsheet Inc. for about $8.4 billion in one of the year's largest take-private deals. Ryan Gould reports.

In a major move, private equity firms Vista Equity Partners and Blackstone are set to acquire Smartsheet, a cloud-based software company, for approximately $8.4 billion in an all-cash transaction. Under the terms of the agreement, Vista and Blackstone will purchase Smartsheet shares at $56.50 each, according to a joint announcement made on Tuesday.

Smartsheet Inc.'s stock rallied 6% Tuesday after the workplace-management software company agreed to be taken private by Blackstone Inc. and Vista Equity Partners for $8.4 billion, or $56.50 per share.

Smartsheet announced Tuesday that it agreed to be acquired by private equity companies Blackstone and Vista Equity Partners in deal valued at $8.

Private equity firms Vista Equity Partners and Blackstone will buy collaboration-software maker Smartsheet for $8.4 billion, the companies said on Tuesday.

Blackstone and Vista Equity Partners to acquire software maker Smartsheet for $8.4 billion

A hotel operator based in India is acquiring the budget motel chain Motel 6 from Blackstone for $525 million, the New York-based investment firm announced Friday.

NEW DELHI & DALLAS--(BUSINESS WIRE)--Oravel Stays, the parent company of the global travel technology company OYO, today announced that it has agreed to acquire G6 Hospitality, the leading economy lodging franchisor and parent company of the iconic Motel 6 and Studio 6 brands, from Blackstone Real Estate for $525 million, in an all-cash transaction. OYO has steadily expanded its footprint in the United States since its launch in the region in 2019 and currently operates over 320 hotels across 3.

Investors interested in Financial - Miscellaneous Services stocks are likely familiar with Virtu Financial (VIRT) and Blackstone Inc. (BX). But which of these two companies is the best option for those looking for undervalued stocks?