Blackstone beat Wall Street's expectations on its key quarterly earnings metric on Thursday, as the world's largest alternative investment firm's assets under management (AUM) hit a record $1.1 trillion and the value of its funds rose.
Blackstone , the world's largest alternative asset manager, plans to invest 7.5 billion euros ($8.2 billion) to develop data centres in Spain's Aragon, boosting the region's growing status as a major cloud computing hub in Europe.
An increase in AUM balance and solid inflows are expected to have supported BX's Q3 earnings.
Evaluate the expected performance of Blackstone Inc. (BX) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Blackstone Inc. (BX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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BX provides an intra-quarter realization update. It estimates revenues from realization activities in excess of $300 million from the start of Q3 till Sept.
Blackstone and Italy's top insurer Generali are teaming up for a fund that will allow French retail investors to invest in private company debt, the companies said in statement on Thursday.
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.