Blackstone Acquires Rover Group for $2.3 Billion
November 29, 2023
Private equity funds managed by Blackstone completed the all-cash acquisition of Rover Group, Inc. for approximately $2.3 billion, paying $11.00 per share. The transaction takes Rover private to accelerate investment in the business, expand its global footprint and support growth initiatives for the online pet-care marketplace.
- Buyers
- Blackstone (private equity funds managed by Blackstone)
- Targets
- Rover Group, Inc.
- Sellers
- Rover stockholders
- Industry
- E-Commerce
- Location
- Washington, United States
- Transaction Type
- Buyout
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