Exclusive-Vista and Blackstone in talks to acquire software maker Smartsheet, sources say


FILE PHOTO: Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. REUTERS/Jeenah Moon/File Photo

NEW YORK (Reuters) - A private equity consortium including Vista Equity Partners and Blackstone is in talks to acquire Smartsheet, a U.S. maker of workplace collaboration software with a market value of about $7 billion, people familiar with the matter said on Thursday.

A deal could be signed in the coming weeks if the talks don't fall apart, the sources said, requesting anonymity as the discussions are confidential. The terms being discussed could not be immediately learned.

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