I Squared, Blackstone Eye €2.5 Billion Stroeer Buyout

I Squared and Blackstone Inc. are edging closer to making a bid for Stroeer SE & Co. that could value the German media group at about €2.5 billion ($2.9 billion),...

By Vinicy Chan, Swetha Gopinath, Eyk Henning · Bloomberg Markets

I Squared and Blackstone Inc. are edging closer to making a bid for Stroeer SE & Co. that could value the German media group at about €2.5 billion ($2.9 billion), people familiar with the matter said.