IDP Education Rejects Blackstone’s A$695 Million Bid
IDP Education rejected Blackstone's A$2.50-per-share cash bid of about A$694.7 million as highly opportunistic and undervaluing the firm; shares rose 20.7% to A$2.16.
Business · 7 sources · Sep 22, 2026Read it
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About Blackstone Inc.
Blackstone Inc. is an American alternative investment management company based in New York City. It was founded in 1985 as a mergers and acquisitions firm by Peter Peterson and Stephen Schwarzman, who had previously worked together at Lehman Brothers. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate across the globe. Blackstone is also active in credit, infrastructure, hedge funds, secondaries, growth equity, and insurance solutions. As of September 2025, Blackstone had $1.2 trillion in total assets under management, making it the world's largest alternative investment firm.
Everything about Blackstone Inc. →- Country
- United States, United Kingdom
- Headquarters
- New York City
- Inception
- 1985
- Website
- http://www.blackstone.com/, https://www.blackstone.com/