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NEWS ABOUT: Blackstone Group

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Blackstone Makes $7.8B Deal for Alliance

Private equity continues to pour into financial processing

(Newser) - Blackstone has snapped up credit card services provider Alliance Data for $7.8 billion, joining a surge of private equity into dull but profitable back-office firms. The 30% above-market offer for Alliance, which also runs a data processing unit, is the latest in a wave of takeovers in the financial-processing... More »

Public Binge Predicted for Private Equity

Carlyle chief: All the big players will do IPOs within 5 years

(Newser) - Private equity giant Carlyle Group will likely go public within five years, its co-founder said at a conference yesterday. David Rubenstein predicted a sea-change for the industry, as fund founders cash out before they retire, the FT reports. More »

DaimlerChrysler Wants Divorce

Detroit legend's fate may be decided in a German boardroom -- but tk can't seem to get out of first gear

(Newser) - DaimlerChrysler is trying to unload its clunky Detroit half, its CEO (and occasional company mascot) Dieter Zetsche confirmed at a shareholder's meeting today. The news, which comes after nearly two months of eager speculation, was a relief to frustrated German shareholders, who have long seen Chrysler as a drag on... More »

Sloan Reviews the Blackstone IPO Filing

Not quite financial porn, but some revealing moments

(Newser) -  The IPO filing for the notoriously secretive Blackstone Group wasn't the tell-all Wall Street watchers had hoped for, says Newsweek’s Wall Street editor Allan Sloan, who searched in vain for how big a stake is held by the private equity partnership's  two Mr. Bigs, Steve Schwarzman and Pete... More »

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