Cvent To Be Acquired By Blackstone in $4.6 Billion Transaction

By : Mahi

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

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

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

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

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

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

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

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

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

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