Deals
Blackstone’s Deutsche Telekom Stake Rises 13% With T-Mobile Deal
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Blackstone Group LP, the world’s biggest private-equity firm, inched closer to breaking even on its 5-year-old stake in Deutsche Telekom AG with the phone company’s agreement to sell T-Mobile USA to AT&T Inc.
The $39 billion transaction, announced March 20, sent shares up 13 percent in the past two days, boosting New York-based Blackstone’s 4.4 percent holding by about 230 million euros, according to data compiled by Bloomberg. The firm owned