Summary
- Smartsheet will be acquired by Blackstone and Vista Equity Partners in an all-cash deal worth $8.4 billion.
- Stockholders will receive $56.50 per share, a 41% premium to the average closing price over the last three months.
- The acquisition comes after Smartsheet had been seeking potential buyers for several months.
- The deal is expected to close by January 2025, pending shareholder approval.