Actionable news
All posts from Actionable news
Actionable news in BX: THE BLACKSTONE GROUP L.P,

Blackstone's Optiv Deal Could Be an Attempt to Lower Its Tech Exposure Following Trump's Win

Blackstone Chairman and CEO Stephen Schwarzman

As equity markets see a modest rotation away from large-cap tech stocks in the aftermath of Donald Trump's election victory, a company headed by the chair of Trump's CEO-filled Strategic and Policy Forum is raising cash by unloading one of its most valuable tech assets.

It could be a coincidence, or perhaps just reflective of the fact that some P-E firms aren't exactly in a buying mood when it comes to tech, following a multi-year bull run. Or perhaps not.

Three weeks after filing to take IT security services provider Optiv Security public, Blackstone (BX) has announced it's selling a...