Blackstone's Alight Eyes Cloud Takeovers After $4.8 Billion Deal

  • Former Aon unit helps businesses with employee benefits
  • Blackstone working to improve cloud, data capabilities
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The benefits business that Blackstone Group LP acquired from Aon Plc last month is looking for takeover opportunities to expand in cloud services and data capabilities.

Chris Michalak, chief executive officer of the unit, said he’s also seeking deals that could help advise clients on health care, wealth and retirement planning. The Chicago-based business announced on Tuesday that its new name is “Alight.”