Blackstone is in advanced talks to buy U.K.-based software developer Civica in a deal valued at close to $2.5 billion, according to people familiar with the matter. Civica would give Blackstone a global operation with recurring revenue from the sale of payroll, medical records and property management software. The bid values Adevinta at about 141 billion Norwegian kroner ($13.2 billion). Dow Jones & Co. owns Factiva. (jennifer.tershak@wsj.com)(END) Dow Jones Newswires11-21-23 1411ET

Source: Wall Street Journal November 22, 2023 07:17 UTC