--Software solutions company Cvent Holding Corp. rejected a $3.9 billion acquisition offer from investing giant Blackstone Inc., Reuters reported, citing people familiar with the matter.

--Blackstone is taking a break from the negotiations after Cvent, which is controlled by private equity firm Vista Equity Partners Management LLC, rejected its $8 a share offer as too low, the report said.

--Cvent, Blackstone and Vista equity declined to comment, according to Reuters.

Full story at https://www.reuters.com/markets/us/events-software-vendor-cvent-rebuffs-39-bln-blackstone-bid-sources-2023-02-24/

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

February 24, 2023 13:26 ET (18:26 GMT)

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