I Squared, Blackstone Eye €2.5 Billion Stroeer Buyout

I Squared and Blackstone Inc. are edging closer to making a bid for Stroeer SE & Co. that could value the German media group at about €2.5 billion ($2.9 billion), people familiar with the matter said.

The private equity firms are considering an offer in the mid €40s-per-share, according to the people, who asked not to be identified discussing confidential information.