Reuters reveals Blackstone in talks to merge Alight with blank-check acquisition firm

Reuters revealed that private equity firm Blackstone Group Inc is in talks to merge U.S. benefits services provider Alight Solutions LLC with a blank-check acquisition firm backed by veteran investor Bill Foley. The merger with Foley Trasimene Acquisition Corp would result in Alight becoming a publicly-listed company at a valuation of more than $8 billion, including debt, Reuters sources said, and underscores the growing popularity of these vehicles as an alternative route to the stock market.