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Blackstone to Buy Cvent in Deal Valued at $4.6 Billion

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Blackstone Inc. agreed to buy event software company Cvent Holding Corp. in a deal with an enterprise value of about $4.6 billion.

Under terms of the agreement announced Tuesday morning, Cvent shareholders will receive $8.50 a share in cash, a premium of 52% to the weighted average share price over 90 days prior to Jan. 30, when media reports of a potential transaction were published. A subsidiary of the Abu Dhabi Investment Authority will be a significant minority investor in the deal, according to the filing.