Investor Consortium Including Vista Equity And Blackstone Is In Talks To Acquire Smartsheet, Sources Say
Portfolio Pulse from Benzinga Newsdesk
An investor consortium, including Vista Equity Partners and Blackstone, is reportedly in talks to acquire Smartsheet. This potential acquisition could impact Smartsheet's stock price and market position.
September 05, 2024 | 5:14 pm
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Blackstone is part of a consortium in talks to acquire Smartsheet. This involvement may not significantly impact Blackstone's stock price in the short term due to its large and diversified portfolio.
While Blackstone's involvement in the acquisition talks is notable, its large and diversified portfolio means that this single acquisition is unlikely to have a significant short-term impact on its stock price.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
POSITIVE IMPACT
Smartsheet is reportedly in acquisition talks with a consortium including Vista Equity and Blackstone. This news could lead to a short-term increase in SMAR's stock price due to acquisition speculation.
Acquisition talks often lead to increased investor interest and potential stock price increases due to speculation of a buyout premium. Smartsheet's involvement in these talks is significant for its stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100