Blackstone to acquire International Data Group from China Oceanwide
Blackstone-managed private equity funds have signed an agreement to buy IDG from Oriental Rainbow, a subsidiary of China Oceanwide Holdings.
Source: dealstreetasia.com
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Blackstone acquires tech publisher IDG for $1.3B, as private equity strikes again – TechCrunch
It’s been a busy week for private equity with Cloudera, Stack Overflow and FireEye coming off the board on Tuesday and Wednesday. Today Blackstone bought media and data company IDG for $1.3 billion. The company had been owned by Oriental Rainbow, LLC, a subsidiary of China Oceanwide Holdings Group, Co. Ltd. With IDG, Blackstone gets […]
Source: techcrunch.com