Blackstone just acquired tech publisher IDG for $1.3B, as private equity strikes again
It’s been a busy week for private equity, with Cloudera, Stack Overflow and FireEye coming off the board on Tuesday and Wednesday. Today Blackstone bought media and data company IDG for $1.3 billion. The company had been owned by Oriental Rainbow, LLC, a subsidiary of China Oceanwide Holdings Group, Co. Ltd. Company CEO Mohamad Ali is hoping that Blackstone can […]
