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Market Chatter: KKR to Acquire Majority Stake in Crowe in $3 Billion Deal

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KKR (KKR) and co-investors will acquire a majority stake in Chicago-based accounting firm Crowe in a $3 billion deal, The Wall Street Journal reported Thursday, citing people familiar with the matter.

Crowe partners will retain a minority stake, and the deal is expected to close in Q3, according to the report.

Crowe expects the fresh capital to accelerate its AI adoption as part of efforts to serve clients better, according to the media outlet.

KKR did not immediately respond to a request 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: $94.34, Change: $-0.68, Percent Change: -0.72%

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