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.
- Lawmakers looking to pump up gas tax this...
- Are you part of the global 'baby shortage'?
- Nintendo opens 2015 with some big announcements
- What's in a name? At Grand Canyon, history,...
- Kimberly Rotter: 7 weird things that affect...
- Another study lists Salt Lake as one of the...
- Randy Shumway: The winners and losers of...
- Greek radical left wins election, threatening...
- EPA inventory highlights 'toxic'... 19
- Analysis: Obama seizes on recovery,... 17
- Lawmakers looking to pump up gas tax... 16
- Obama's proposed mandatory paid... 13
- Utah has fourth largest gender wage... 12
- Are you part of the global 'baby... 12
- Another study lists Salt Lake as one of... 10
- Survey ranks Utah's best and worst... 9