- Reuters
UPDATE 1-Blackstone nears deal to sell S.Korean pharma wholesaler to MBK Partners, sources say
Private equity firm Blackstone Inc is nearing a deal to sell its controlling stake in South Korean wholesale drug distributor Geo-Young to North Asian buyout fund MBK Partners for over $1 billion, three sources said. Blackstone is in final negotiations with Seoul-headquartered MBK about the sale and signing of the deal could happen soon, said one of the sources, who all declined to be named as the information is confidential. Representatives from Blackstone, MBK and Geo-Young declined to comment.
- Bloomberg
Blackstone Credit and Retail Lines Drive Narrow Profit Beat
(Bloomberg) -- Blackstone Inc. collected more fees from big retail funds and credit strategies during the first quarter, compensating for the slower pace of deal exits. Most Read from BloombergDubai Grinds to Standstill as Flooding Hits CityElon Wants His Money BackSingapore Loses ‘World’s Best Airport’ Crown to QatarRecord Rainfall in Dubai? Blame Climate Change, Not Cloud SeedingRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsDistributable earnings increased 1% from a year
- Zacks
Compared to Estimates, Blackstone Inc. (BX) Q1 Earnings: A Look at Key Metrics
Although the revenue and EPS for Blackstone Inc. (BX) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
