05:12 AM EDT, 09/06/2024 (MT Newswires) -- Blackstone (BX) and Vista Equity Partners are part of a private equity consortium that is in discussions to acquire Smartsheet ( SMAR ) , Reuters reported Thursday citing people familiar with the matter.

Although the terms of the potential offer were not disclosed, a deal may be signed in the coming weeks, anonymous sources told Reuters.

The Washington-based maker of workplace collaboration software has a market value of about $7 billion, according to Reuters, and was recently reported to be working with Qatalyst Partners to review acquisition offers.

Blackstone, Vista and Smartsheet ( SMAR ) did not immediately respond to MT Newswires' request for comment on the matter.

Smartsheet's ( SMAR ) shares rose more than 4% in recent premarket activity on Friday.

(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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