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M&A Deal Summary

The Blackstone Group Acquires Rogers Communications

On April 4, 2025, private equity firm The Blackstone Group acquired communications company Rogers Communications for 7.0B USD

Acquisition Highlights
  • This is The Blackstone Group’s 26th transaction in the Communications sector.
  • This is The Blackstone Group’s 21st largest (disclosed) transaction.
  • This is The Blackstone Group’s 8th transaction in Canada.
  • This is The Blackstone Group’s 4th transaction in Ontario.

M&A Deal Summary
Date 2025-04-04
Target Rogers Communications
Sector Communications
Buyer(s) The Blackstone Group
Deal Type Add-on Acquisition
Deal Value 7.0B USD

Target

Rogers Communications

Toronto, Ontario, Canada
Rogers Communications is a diversified canadian communications and media company. It is a provider of wireless voice and data communications services and one of Canada's providers of cable television, high speed Internet and telephony services. Rogers Communications was incorporated in 1960 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.

DEAL STATS #
Overall 348 of 348
Sector (Communications) 26 of 26
Type (Add-on Acquisition) 3 of 3
State (Ontario) 4 of 4
Country (Canada) 8 of 8
Year (2025) 8 of 8
Size (of disclosed) 21 of 175
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-12 Beacon

New York, New York, United States

Beacon is a cloud-based platform for quant development that enables users to build custom trading and risk management applications. The integrated development environment and a web application framework make developing applications faster and easier. Beacon was founded in 2014 and is based in New York, New York.

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