financetom
Business
financetom
/
Business
/
Blackstone Invests $300 Million in DDN
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Blackstone Invests $300 Million in DDN
Jan 9, 2025 6:32 AM

09:02 AM EST, 01/09/2025 (MT Newswires) -- Blackstone (BX) has invested $300 million in artificial intelligence and data intelligence services provider DDN, the companies said in a joint statement Thursday.

The investment was made through funds managed by Blackstone Tactical Opportunities at a $5 billion valuation and will support DDN's growth, they said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Soccer-Man United sign Danish defender Dorgu from Lecce
Soccer-Man United sign Danish defender Dorgu from Lecce
Feb 2, 2025
MANCHESTER, England, Feb 2 (Reuters) - Manchester United ( MANU ) have signed 20-year-old Danish left back Patrick Dorgu from Italian Serie A side Lecce on a contract until 2030, the Premier League club said on Sunday. British media reported the deal was worth 30 million euros ($31.1 million), with a further five million in performance-related add-ons. Dorgu moved to...
Factbox-Global car industry in firing line of Trump's tariffs on Mexico, Canada
Factbox-Global car industry in firing line of Trump's tariffs on Mexico, Canada
Feb 2, 2025
(Reuters) -U.S. President Donald Trump has imposed 25% tariffs on imports from Mexico, Canada and a fresh 10% duty on those from China from Feb. 4, demanding those countries stop the flow of fentanyl and the flow of immigrants in the case of Canada and Mexico, into the United States. Around 90% of auto exports from both Mexico and Canada...
Volkswagen counts on talks to avoid trade conflict after Trump tariffs
Volkswagen counts on talks to avoid trade conflict after Trump tariffs
Feb 2, 2025
BERLIN (Reuters) - Volkswagen is counting on talks to avoid trade conflict, Europe's biggest carmaker said on Sunday, after U.S. President Donald Trump ordered tariffs on goods from Mexico, Canada and China. The company's Puebla factory is Mexico's largest and one of the biggest in the Volkswagen Group, making nearly 350,000 cars in 2023, including the Jetta, Tiguan and Taos...
Exclusive-SEC's Republican-led commission tightens oversight of probes, sources say
Exclusive-SEC's Republican-led commission tightens oversight of probes, sources say
Feb 2, 2025
NEW YORK (Reuters) - Lawyers at the U.S. Securities Exchange Commission (SEC) have been told they need to seek permission from the politically appointed leadership before formally launching probes, two sources briefed on the matter said, in a marked change in procedure that could slow down investigations. The change, which has not been previously reported, was made under new leadership...
Copyright 2023-2026 - www.financetom.com All Rights Reserved