Benzinga | Jun 3, 2021 08:34AM EDT

Blackstone To Acquire International Data Group For Enterprise Value Of $1.3B

Blackstone (NYSE:BX) announced today that private equity funds managed by Blackstone ("Blackstone") have entered into a definitive agreement to acquire International Data Group, Inc. ("IDG") from Oriental Rainbow, LLC, a subsidiary of China Oceanwide Holdings Group, Co. Ltd. for an enterprise value of $1.3 billion.