Posted on 07/03/2007 3:36:54 PM PDT by HAL9000
NEW YORK (Reuters) - The Blackstone Group said on Tuesday it would buy Hilton Hotels Corp. for about $26 billion in cash.Under terms of the deal, Blackstone will pay $47.50 for each Hilton share.
How much does Paris get?!
Wish I could afford a share of Paris, but she’s too pricey...
Wait, we’re not talking about her?
Never mind....
That should cover bond.
She is a jail house tramp. They shouldn’t pay more than $100 for her.
Oh, and Could I get that in $10's and $20's please.
“Wish I could afford a share of Paris, but she’s too pricey...”
Paris has herpes. No thanks!
Skanks On Demand Upgrade Please. I have an extra 50 cents.
Does that include her Valtrex?
China to buy stake in Blackstone
発表日：5/21/2007 2:57:46 PM 情報源：Dg3g.Com
The State Investment Company, a State foreign exchange investment company soon to be established in China and The Blackstone Group LP announced today that the State Investment Company has agreed to make a US$3 billion investment in Blackstone in the form of non-voting common units.
The deal is in an effort to diversify its US$1.2 trillion in foreign-exchange reserves beyond United States Treasury bills and into commercial enterprises.
The deal, which is set to coincide with Blackstone''s US$4 billion initial public offering (IPO) this year, will give China a roughly eight percent stake in Blackstone, which owns companies that have 375,000 employees and US$83 billion in annual sales.
It would also represent a watershed for the booming private equity industry as it tries to gain a foothold in China.
The purchase price per common unit will be 95.5 percent of the public offering price in Blackstone''s planned IPO. The number of non-voting common units purchased by the State Investment Company will be reduced if necessary so that the State Investment Company''s equity interest in Blackstone immediately following the planned initial public offering remains under 10 percent.
The State Investment Company has agreed to hold its investment in Blackstone for at least four years.
Lou Jiwei, head of the working group of the State Investment Company, said: "We are very pleased to be able to make the State Investment Company''s very first investment in such a well-respected firm as Blackstone."
"It''s a historic change. It''s a paradigm shift in global capital flows," Stephen A. Schwarzman, chairman, chief executive officer and co-founder of Blackstone, said in an interview. He called the Chinese government''s decision "huge" and even "surprising" to him.
"We are pleased to welcome the State Investment Company as an equity owner of our firm. We are proud to be part of such a significant transaction for both of our organizations," added the chairman.
China will invest in the Blackstone firm itself, not in its funds, which invests in companies. However, the relationship opens the door for China to invest in Blackstone''s funds in the future. China has also promised not to invest in a competing private equity firm for a year.
Blackstone has been moving aggressively in recent months to find investments in China. Blackstone is trying to catch up to the Carlyle Group, which has a large operation in China.
In January, Blackstone hired Anthony Leung, the former Hong Kong financial secretary, to run the group''s business in the Chinese mainland, Hong Kong and Taiwan. And last month, Reuters reported that Blackstone was seeking to acquire a stake in the Guofeng Group, one of China''s largest makers of plastic products.
Blackstone is planning to open offices in Hong Kong and Beijing this year.-China Daily
“That’s hot.”
I heard some rumblings there was going to be a big deal in hotels, but never guessed it would be Hilton.
NOT HOT!
:)
Pretty amazing that one entity has $26 billion in “cash” lying around.
I think she has the OTHER herpes.
:-p
I hope Blackstone improves Hilton...my experiences at some of their Hilton hotels - that is, the high-end ones bearing their name - have been less than stellar, and I really wouldn’t spend big bucks to stay at one. The lower end of their group is actually much better.
My experience with Homewood Suites is not so hot, but I may have stayed at one owned by a bad franchisee. I complained to the corporate office and they got on it, tout de suite. They were very professional about it, as well.
Volume: 7,471,285
Avg Vol (3m): 3,297,900
Who knew? Early call...
“Pretty amazing that one entity has $26 billion in “cash” lying around.”
Most of the funds are borrowed.
That’s too much money to pay for one skinny girl.
: )
i guess you missed the link to China. The ChiComs have amassed a lot of Western capital to use to buy up Western assets.
self ping for later
Ms. Paris Hilton stands to inherit at least $30 million.
Jail House Tramp? I would say no.
Vixen yes, ex-inmate- but tramp?
By what standards, this age of MTV Pop Tarts?
There is no proof she takes valtrex, only that it was in that storage bin of hers hse forgot to pay the bill for.
Well that proves she have ADD.
Actually she has a case of being hated by nearly everyone.
Strange for a woman whom has hurt no one, yet many would love to see harm done to her.
I use the Greasy Bear standard. If she's hooked up with Brandon Davis, she's a tramp.
Hilton is famous for putting a lot of money into the glitz factor when you first walk in, but cutting corners everywhere else.
The Waldorf-Astoria is supposed to be their crown jewel, and everything besides the major suites, lobby, and ballrooms was in horrible shape.
My company sent me to stay there when on business many times over the past years.
The elevators were breaking down constantly and the hallways and rooms smelled horrible.
I like Paris Hilton. I think she’s funny and sexy. So she likes to go out and party. Who doesn’t at that age with that wealth?
At least she doesn’t trash our country and our President like other lalaland idiots (horsehead julia roberts and lamebrains matt damon and ben affleck immediately come to mind).
When I saw them, I thought the first few episodes of “A Simple Life” was some of the funniest stuff I had seen on television in years.
I myself was not so much a fan of hers, but after the ordeal she has been thru, she has earned my respect and sympathy.
Yes, Ms Hilton is actually a very nice girl, she does not seek to offend, but her problem is that she has allowed a very negative public image to be built up around her.
This is mostly her own fault.
She should go on Greta van Susteren and try to correct the inconsistencies she gave in her Larry King interview.
Hell, Ann Coulter defended her, her rights that is.
Yes, Paris Hilton is a very attractive girl and I am glad to see that her stint in prison did not mar her in any way, physixcally or spiritually.
I hope she she archives happiness and some public acceptabiity, but she should do some charity work(to fiught the image of being an indolent rich girl)
Waldorf Astoria, same place where Nicola Telsa died in the 1930’s
The way Ben Bernanke is printing the stuff, that's only a few days worth of truckloads for the banks who are loaning it out to Blackstone. ;)
Well, she is not hooked up with him anymore!
Especially since he has been blacklisted from many clubs.
Her current romantic interest is Stavros Niarchos-
he seems to be bonded to her.
She once dated Joe Francis too, and that is past history.
The girl is popular with many men(like her co-star Chad Michael Murray from House of Wax)
The people that express anonymous hate for Paris Hilton on the Internet are simply projecting - part of them wishes they had her body and her social status.
The problem with Paris is she has allowed herself to become a cardboard image of conspicuous consumption(Me thinks she realizes this too, and is trying to maintain a lower profile)
In the end, Paris Hilton is famous and well rewarded because we the Public are obsessed with her, good or bad.
In the past, I just ignored her, did not love nor hate her, just thought she was vapid and a bit tawdry.
Now I see a a very beautiful and vulnerable(albeit somewhat immature) young woman. She provides us a diversion from the troubles of the world.
She is famous because we like to watch her, for her beauty or her one trainwreck after another.
I pricelined my way into the Waldorf for $100 during July around 3 years ago. It was ok, nothing special, but certainly not bad either.
Really? How did that happen???
Toilet seat at a Hilton Hotel room?
You have to admit that her own behavior has made her a less-than-sympathetic character.
HOWEVER...
Since finding out how sadly mentally-slow she is, I do feel pity for her. Before I thought she was just a tart. Now, I think she’s just a poorly-guided, special-needs character.
Her behavior over the years, her forgetfulness(like not paying that storage bin bill) does seems to demonstrate this .
Yes, her flakey tawdry behavior over the years has helped to whip up the lynch-mob atmoshpere that I find everywhere;
from the Press to the Public- conservatives and liberals all seem to hate her guts, especially those Harpies of MADD, and many women in general.
In the end, she is to be pitied, not hated.
Yes, and we are starting to see the fallout from excesssive asset valuations resulting from a cheap money policy (negative real interest rates).
BUMP
At least she doesn’t trash our country and our President like other lalaland idiots (horsehead julia roberts and lamebrains matt damon and ben affleck immediately come to mind).
When I saw them, I thought the first few episodes of “A Simple Life” was some of the funniest stuff I had seen on television in years.
<<
Paris Hilton is off too Rwanda for humanitarian work,
if this is legit, then she is making good on her promises.
But will she be respected for this work ?
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