Blackstone and Starwood Capital Group has agreed to buy hotel operator Extended Stay America for $6 billion, the companies said. As bookings plunged across the U.S. hotel industry over the last year due to the COVID-19 pandemic, Extended Stay, which specializes in...
Clayton, Dubilier & Rice has completed a previously announced partnership transaction in which CD&R-managed funds invested alongside current owners and management to acquire S&S Activewear, a North American distributor of imprintable apparel and...
Chinese search giant Baidu Inc said on Monday that its artificial intelligence chip unit Kunlun recently completed a round of fundraising, which according to one source with direct knowledge of the matter values the business at about $2 billion. The fundraising, which...
Thoma Bravo’s blank-check firm is in talks to take mobile marketing company IronSource public through a merger, according to people with knowledge of the matter. Thoma Bravo Advantage, a special purpose acquisition company, or SPAC, is seeking to raise about $1...
Private equity firm Warburg Pincus has agreed to acquire a minority stake in Edelman Financial Engines, valuing the U.S. investment advisory services provider at $7.3 billion, including debt, the companies told Reuters on Sunday. The deal represents a 62% increase in...
