Blackstone Set To Acquire Japanese E-Comics Giant Infocom For $1.7B: Report
Portfolio Pulse from Shivani Kumaresan
Blackstone Inc (NYSE:BX) is set to acquire a 55.1% stake in Japanese e-comics provider Infocom Corp for approximately $1.66 billion from Teijin Ltd. Blackstone surpassed bids from Sony Music Entertainment, Integral Corp., and KKR & Co Inc (NYSE:KKR). Blackstone may aim to secure all of Infocom’s shares through a takeover bid and share transfer. Blackstone stock has gained over 39% in the last 12 months, and investors can gain exposure via First Trust Growth Strength ETF (NASDAQ:FTGS) and Amplify AI Powered Equity ETF (NYSE:AIEQ).
May 31, 2024 | 11:47 am
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NEGATIVE IMPACT
KKR & Co Inc (NYSE:KKR) was one of the bidders for Infocom but was surpassed by Blackstone. This could be seen as a missed opportunity for KKR, potentially impacting its stock negatively in the short term.
Being outbid by Blackstone for Infocom could be seen as a setback for KKR, potentially leading to a short-term negative impact on its stock as investors may view this as a missed growth opportunity.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Amplify AI Powered Equity ETF (NYSE:AIEQ) includes Blackstone in its portfolio. The positive news regarding Blackstone's acquisition of Infocom could positively impact AIEQ's performance.
Since AIEQ includes Blackstone in its portfolio, the positive news regarding Blackstone's acquisition of Infocom could lead to a positive impact on AIEQ's performance.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 30
POSITIVE IMPACT
Blackstone Inc (NYSE:BX) is acquiring a 55.1% stake in Infocom Corp for $1.66 billion, potentially securing all shares through a takeover bid. This acquisition could further boost Blackstone's stock, which has already gained over 39% in the last 12 months.
The acquisition of Infocom is a significant move for Blackstone, potentially increasing its market presence and financial performance. The stock has already shown strong performance, and this acquisition could further enhance investor confidence.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
First Trust Growth Strength ETF (NASDAQ:FTGS) includes Blackstone in its portfolio. The positive news regarding Blackstone's acquisition of Infocom could positively impact FTGS's performance.
Since FTGS includes Blackstone in its portfolio, the positive news regarding Blackstone's acquisition of Infocom could lead to a positive impact on FTGS's performance.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 30