Blackstone Nears Deal To Buy Office Developer Soho China : Report

Blackstone Group Inc. (BX) nears an agreement to acquire office developer Soho China Ltd., Bloomberg reported citing people familiar with the matter.

Soho China could be valued at about $3 billion in a transaction. The developer has a market value of about HK$19.8 billion or $2.55 billion.

The private equity firm could announce a deal as soon as this week.

Talks are in their final stage, but they could still drag on or fall apart, the report said.

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