Blackstone-Led Creditors to Take Over Medallia After Thoma Bravo Declines New Cash
2026-06-17 10:40:35
Medallia Inc. is being taken over by a group of creditors led by Blackstone Inc. after its owner Thoma Bravo said it wasn’t going to inject fresh cash into the ailing software-as-a-service company. According to Bloomberg, the takeover follows Thoma Bravo’s decision not to provide additional funding.
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