Press Releases

MGM Growth Properties and Blackstone Real Estate Income Trust to Form Joint Venture to Acquire the Las Vegas Real Estate of the MGM Grand and Mandalay Bay for $4.6 Billion and Simultaneously Execute Long-Term Lease with MGM Resorts
January 14, 2020
LAS VEGAS & NEW YORK, January 14, 2020 -- MGM Growth Properties LLC (“MGP”) (NYSE: MGP) and Blackstone Real Estate Income Trust, Inc. (“BREIT”) today announced that MGP and BREIT have entered into a definitive agreement to form a new joint venture to acquire the Las Vegas real estate assets of the MGM Grand and Mandalay Bay for $4.6 billion. In addition, BREIT will purchase $150 million in MGP Class A shares. MGP will own 50.1% of the joint venture, and BREIT will own 49.9%.
Blackstone Hires Former Global Atlantic Co-President and CIO Gilles Dellaert to Lead Blackstone Insurance Solutions
January 14, 2020
New York, January 14, 2020—Blackstone (NYSE:BX) today announced that Gilles Dellaert, former Co-President and Chief Investment Officer of Global Atlantic, a leading retirement and life insurance company, will join the firm as the Global Head of Blackstone Insurance Solutions (BIS).
Blackstone Announces Fourth Quarter and Full Year 2019 Investor Call
January 10, 2020
Blackstone (NYSE:BX) announced today that it will host its fourth quarter and full year 2019 investor conference call on January 30, 2020 at 9:00 a.m. EST.
Byron Wien and Joe Zidle Announce Ten Surprises for 2020
January 06, 2020
New York, January 6, 2020 – Byron R. Wien, Vice Chairman together with Joe Zidle, Chief Investment Strategist in the Private Wealth Solutions group at Blackstone, today issued their list of Ten Surprises for 2020.
HH Global Announces Agreement by Blackstone to make a £100m Strategic Minority Equity Investment
December 03, 2019
London, United Kingdom, December 3, 2019 – HH Global (the “Company”), a leading global outsourced marketing execution provider, has reached an agreement with funds managed or advised by Blackstone Tactical Opportunities in relation to a £100m strategic minority equity investment in HH Global. Subject to receipt of relevant antitrust approvals, Blackstone’s investment is expected to complete in the first quarter of 2020.
Blackstone to Present at the Goldman Sachs Financial Services Conference
November 25, 2019
New York, November 25, 2019 – Blackstone (NYSE:BX) announced today that Stephen Schwarzman, Chairman, CEO and Co-Founder, is scheduled to present at the Goldman Sachs Financial Services Conference on Tuesday, December 10, 2019 at 12:50PM ET.
Ferring and Blackstone Life Sciences Invest Over $570 Million USD in Novel Gene Therapy for Bladder Cancer Patients
November 25, 2019
Ferring Pharmaceuticals and Blackstone Life Sciences today announced the joint investment of over $570 million USD in nadofaragene firadenovec (rAd-IFN/Syn3), an investigational novel gene therapy in late stage development for patients with high-grade, Bacillus Calmette-Guérin (BCG) unresponsive, non-muscle invasive bladder cancer (NMIBC).
Blackstone Real Estate Income Trust Completes Acquisition of Bellagio Real Estate from MGM Resorts International for $4.25 Billion in Sale-Leaseback Transaction
November 18, 2019
New York and Las Vegas – Blackstone Real Estate Income Trust (“BREIT”) and MGM Resorts International (“MGM Resorts”) (NYSE: MGM) today announced the closing of the previously announced 95%/5% BREIT-led joint venture with MGM Resorts to acquire the real estate assets of the Bellagio for $4.25 billion in a sale-leaseback transaction.
Blackstone to Take Majority Stake in MagicLab, Owner of Bumble and Badoo, at $3 Billion Valuation
November 08, 2019
Blackstone (NYSE:BX) announced today that funds managed by Blackstone ("Blackstone") are taking a majority stake in MagicLab, which builds and operates leading dating and social networking apps, including Bumble and Badoo.
Blackstone Partners with Aakash Educational, One of India’s Largest Test Prep Education Companies
October 31, 2019
Blackstone (NYSE:BX) announced that private equity funds managed by Blackstone ("Blackstone") have partnered with Aakash Educational Services Limited (“AESL”), to build India’s largest digitally enabled, omni-channel education company.
Blackstone Reports Third Quarter 2019 Results
October 23, 2019
Blackstone will host its third quarter 2019 investor conference call on October 23, 2019 at 9:00 a.m. ET.
Blackstone Real Estate Income Trust to Acquire the Bellagio Real Estate from MGM Resorts International for $4.25 Billion in Sale-Leaseback Transaction
October 15, 2019
Blackstone Real Estate Income Trust (“BREIT”), and MGM Resorts International (“MGM Resorts”) (NYSE: MGM) announced today that BREIT and MGM Resorts will form a 95%/5% BREIT-led joint venture to acquire the real estate assets of the Bellagio for $4.25 billion in a sale-leaseback transaction.
Blackstone to Partner with Leading French Dark Fiber Provider Sipartech
October 04, 2019
Paris, France, October 4, 2019 – Blackstone (NYSE:BX) today announced the signing of definitive documentation by Blackstone Tactical Opportunities (“Blackstone”) to form an equity partnership with Sipartech S.A. (“Sipartech”), a provider of telecom infrastructure solutions in France.
Blackstone Announces Third Quarter 2019 Investor Call
October 02, 2019
New York, October 2, 2019—Blackstone (NYSE:BX) announced today that it will host its third quarter 2019 investor conference call on October 23, 2019 at 9:00 a.m. EST.
Blackstone to Acquire 65% Controlling Interest in Great Wolf Resorts and Form New $2.9 Billion Joint Venture With Centerbridge Partners
October 02, 2019
Blackstone Real Estate Partners IX, an affiliate of Blackstone (NYSE: BX) (“Blackstone”), and affiliates of Centerbridge Partners, L.P. (“Centerbridge”, the existing owner) announced today that Blackstone is acquiring a 65% controlling interest in Great Wolf Resorts, Inc. (“Great Wolf” or the “Company”).
Blackstone Closes Acquisition of Vungle, a Leading Mobile Performance Marketing Platform
September 30, 2019
Blackstone (NYSE:BX) announced today that private equity funds managed by Blackstone (“Blackstone”) have completed the previously announced acquisition of Vungle, a leading performance marketing platform for in-app video advertisements on mobile devices.
Blackstone completes the acquisition of €1 billion majority stake in Luminor
September 30, 2019
Luminor announced today the acquisition of a 60% majority stake in the bank by a consortium led by private equity funds managed by Blackstone. The bank’s current owners, Nordea Bank Abp (“Nordea”) and DNB BANK ASA (“DNB”), will each retain a 20% equity stake in Luminor.
Blackstone to Buy U.S. Logistics Assets from Colony Capital for $5.9 Billion
September 30, 2019
Colony Capital, Inc. (NYSE: CLNY) (“Colony Capital,” or the “Company”) and Blackstone Real Estate Partners IX, an affiliate of Blackstone (NYSE: BX), announced today that they have entered into definitive agreements for Blackstone to acquire Colony Industrial, the industrial real estate assets and affiliated industrial operating platform of Colony Capital, for an aggregate purchase price of $5.9 billion.
Blackstone Completes the Acquisition of U.S. Logistics Assets from GLP, Adding to Firm’s Leading Global Portfolio
September 26, 2019
Blackstone today announced that it has closed on its previously announced acquisition of U.S. logistics assets from three of GLP’s U.S. funds for a purchase price of $18.7 billion.
University of California Students Gain New Resources, Opportunities Through Expanded Entrepreneurship Program
September 24, 2019
The University of California and the Blackstone Charitable Foundation announced today (Sept. 24) the expansion of an exciting program that will equip students with more tools and resources to take their entrepreneurship and innovation to the next level.