08:08 AM EST, 01/09/2025 (MT Newswires) -- Blackstone (BX) and Vista Equity Partners Management's acquisition of Smartsheet ( SMAR ) was cleared by the European Commission, the regulator said Thursday.

The commission said it concluded that the "transaction would not raise competition concerns," given the companies' "limited" market position.

Smartsheet ( SMAR ) agreed in September to be acquired by funds managed by Vista and Blackstone in an all-cash deal valued at $8.4 billion.