Reuters was first to report that Cvent Holding Corp, a U.S. software provider that facilitates in-person and virtual meetings, rejected a $3.9 billion acquisition offer from buyout firm Blackstone Inc. Blackstone is taking a break from the negotiations after Cvent rejected its $8-per-share offer as too low.
Business & FinanceDeals
Events software vendor Cvent rebuffs $3.9B Blackstone bid
24 February 2023, 4:15 pm 1 minute
Market Impact
In the third quarter, Cvent reported adjusted earnings before interest, taxes, depreciation and amortization of $33.7 million, up from $23.4 million a year ago. Revenue jumped 20.3% year-on-year to $161.3 million.
Article Tags
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Business & Finance
Regions: Americas
Countries: United States
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
