Cvent To Be Acquired By Blackstone in $4.6 Billion Transaction

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I am familiar with the news that Cvent, a leading event management software company, is set to be acquired by private

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equity firm Blackstone in a $4.6 billion transaction. The acquisition was announced on April 18, 2016.

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Under the terms of the agreement, Blackstone will acquire all outstanding shares of Cvent's common stock for $36 per share in cash.

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The transaction is expected to close in the fourth quarter of 2016, subject to approval by Cvent shareholders and other customary closing conditions.

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The acquisition is expected to provide Cvent with additional resources and expertise to continue to grow its business and expand its global footprint.

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Blackstone, which has a track record of investing in technology companies, sees Cvent as a leader in the event

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management software industry and believes that the company has significant growth potential.

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Overall, the acquisition is expected to be beneficial for both Cvent and Blackstone, and it will be interesting to see how

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The two companies work together to drive growth and innovation in the event management software space.

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