Blackstone Group to Buy Hilton Hotels: Financial News – Yahoo! Finance

Damn – I guess bailing Paris out put a hurt on the Hilton family.

26 Billion Dollars.

ALL CASH.

That’s a transaction type you just don’t see in the tech sector.  

Someone is going to write a check for $26 billion dollars.  A valid check.

Amazing. 

LOS ANGELES (AP) — Hilton Hotels Corp. said Tuesday it has agreed to be acquired by The Blackstone Group LP for $20.1 billion in cash. The private equity group agreed to buy all outstanding Hilton shares for $47.50 each, a 32 percent premium over Tuesday’s closing stock price. The companies valued the deal at $26 billion including debt.

Blackstone Group to Buy Hilton Hotels: Financial News – Yahoo! Finance