Weston Colton, All
Our take: Local home security firm Vivint is contending a sale that could value as much as $2 billion.
Vivint, which provides home technology and automation services, is exploring a sale that could value it at as much as $2 billion, and has drawn interest from three private equity firms, according to people familiar with the matter.
Buyout firms Blackstone Group LP (BX.N), Ares Management LLC, and GTCR LLC are weighing bids for the company, with the auction well into the second round, the people said.
Vivint is working with Bank of America Merrill Lynch (BAC.N) and Citigroup (C.N) to find a buyer and final bids for the company are due later in September, according to one of the people.
Read more about Home security firm Vivint mulls possible $2 billion sale: source on Reuters.
- 5 reasons your most talented employees will...
- Business community supports tax increases for...
- After setting iPhone record, what does Apple...
- Young adults prefer to share chores and...
- Balancing act: Organizations slowly move...
- Index indicates Utah economy thriving
- Michelle Singletary: Making personal finance...
- Dave Ramsey says: Make changes to save money
- Lawmakers looking to pump up gas tax... 60
- Business community supports tax... 21
- Greek radical left wins election,... 3
- US consumer confidence jumps to 7... 3
- After setting iPhone record, what does... 3
- Knocking doors: What to know before... 3
- Faith leaders: your secret weapon in... 2
- 5 reasons your most talented employees... 2