Vista Equity Partners and Blackstone offer to buy Smartsheet for $8.4B in cash

Vista Equity Partners and Blackstone have agreed to acquire Smartsheet, the software-as-a-service (SaaS) workplace collaboration platform, for $8.4 billion in cash. The private equity firms say that the deal values publicly-traded Smartsheet’s shares at a 41% premium over its 90-day average closing share price. Should regulators and shareholders approve it, shareholders would receive approximately $56.50 […] © 2024 TechCrunch. All rights reserved. For personal use only.

Sep 24, 2024 - 19:00

Vista Equity Partners and Blackstone offer to buy Smartsheet for $8.4B in cash

Vista Equity Partners and Blackstone have agreed to acquire Smartsheet, the software-as-a-service (SaaS) workplace collaboration platform, for $8.4 billion in cash. The private equity firms say that the deal values publicly-traded Smartsheet’s shares at a 41% premium over its 90-day average closing share price. Should regulators and shareholders approve it, shareholders would receive approximately $56.50 […]