Private equity giants Blackstone and Vista Equity Partners are reportedly in talks to acquire software company Smartsheet for an estimated $7 billion. This deal could be finalized in the coming weeks, adding to Blackstone’s recent acquisition spree.
Results for: Smartsheet
Smartsheet Inc. (SMAR) delivered strong second-quarter financial results, exceeding analyst expectations for both earnings and revenue. The company attributed its success to continued growth in the enterprise segment and highlighted the expansion of its customer base. As a result, Smartsheet raised its FY25 adjusted EPS outlook, leading to a positive market reaction with shares gaining 4.3% on Thursday.