08:10 AM EDT, 05/16/2024 (MT Newswires) -- Blackstone (BX) has agreed to purchase a majority stake in Israeli enterprise software company Priority Software at an $800 million valuation, Bloomberg reported Thursday.

Fortissimo Capital and TA Associates, both existing investors in Priority, will maintain stakes in the business, Bloomberg reported, quoting a Blackstone statement.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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