Blackstone's bid for majority stake in Medallia cleared in Australia
( May 25, 2026, 08:48 GMT | Official Statement) -- MLex Summary: Blackstone’s proposal to acquire a majority equity stake in Medallia has been approved by Australia's competition watchdog. In a statement Monday, the Australian Competition & Consumer Commission said it granted a waiver from the new mandatory merger notification requirements because the deal is unlikely to substantially lessen competition in Australia. Blackstone is a US‑based investment management firm while Medallia is a US-headquartered provider of AI‑driven customer and employee experience software.Statement follows. Determination attached. ...
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