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International Business Times
International Business Times
Business
Ann Resuma

Vista, Blackstone To Buy Software Firm Smartsheet For $8.4 Billion

Vista Equity Partners and Blackstone agreed to acquire software maker Smartsheet for about $8.4 billion in cash.

Vista and Blackstone on Tuesday stated that they will be buying Smartsheet for $56.50 per share, representing a premium of about 41% over Smartsheet's 90-day average closing share price as of July 17, 2024, when media reports surfaced regarding a potential sale of the company. The deal price also represents a 16% premium to the highest closing stock price in the last 12 months ending July 17, 2024.

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