Blackstone (BX) Completes Acquisition of Rover (ROVR)
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Blackstone Completes Acquisition of Rover
February 27, 2024 8:40 AM ESTSEATTLE, Feb. 27, 2024 (GLOBE NEWSWIRE) -- Rover Group, Inc. (Rover or the Company), the worlds largest online marketplace for pet care, today announced the completion of its acquisition by private equity funds affiliated with Blackstone (Blackstone) in an all-cash transaction valued at approximately $2.3 billion.
The transaction was previously announced on November 29, 2023 and was approved by Rover stockholders at Rovers special meeting of stockholders held on February 22, 2024. With the completion of the acquisition, Rover stockholders are entitled to receive $11.00 in cash for each share of Rover common stock they owned immediately prior to the closing. Rovers common stock has ceased trading... More
