Cvent Will Go Private Again After $4.6B Sale to Blackstone
Smart Meetings
MARCH 14, 2023
Event technology company Cvent announced that after going public for a second time in 2021 through a special acquisition at a valuation of $5.3 billion, it will be acquired by a New York-based private equity fund managed by Blackstone for $4.6 billion. The highly anticipated deal represents an $8.50 per share price for stockholders, a 52% premium over the 90-day running average prior to Jan. 30, the day before reports of a potential transaction were published.
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