Author: Renata Geraldo

Grooming

Seattle pet-care platform Rover agrees to be acquired for $2.3B

Through Seattle Times business reporter Pet marketplace company Rover has agreed to be acquired by private equity giant Blackstone for $2.3 billion, the companies said Wednesday. Rover stockholders will receive $11 per share in cash.The all-cash acquisition will allow Rover to accelerate investment priorities, expand its global footprint and fuel expansion initiatives, Seattle-based Rover said in a statement on Wednesday. Besides the US, Rover operates in Canada and Europe.”Blackstone brings deep expertise in partnering with innovative technology companies,” said Aaron Easterly, co-founder and CEO of Rover. “This transaction delivers immediate and compelling value to Rover stockholders.” Founded in 2011, Rover…

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