Blackstone and Vista Equity Partners Acquire Smartsheet in a $8.4 Billion Cash Deal

Buyout firms Blackstone Inc. (BX) and Vista Equity Partners entered into a merger agreement on September 24, 2024, to acquire workplace collaboration software maker Smartsheet Inc. (SMAR) for $8.4 billion in cash.

Terms of the Agreement:

Under the terms of the agreement, Blackstone and Vista will acquire all the outstanding shares held by Smartsheet shareholders for $56.50 per share in cash, representing a premium of 8.47% from the stock’s last close.

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