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Market Chatter: Blackstone, I Squared Near $2.9 Billion Bid for Stroeer

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-- Blackstone (BX) and I Squared are considering making a bid for Stroeer that may value the German media group at 2.5 billion euros ($2.94 billion), Bloomberg reported Thursday, citing people familiar with the matter.

The private equity firms are edging closer to a per-share offer in the mid-40-euro range, the report said.

Blackstone and I Squared didn't immediately reply to requests for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: $123.32, Change: $-1.37, Percent Change: -1.10%

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