Blackstone buys Hilton Hotels for $26bn

[reyfer]

Blackstone on Tuesday bought Hilton Hotels Corporation for $26bn (£12.8bn), giving the private equity company the biggest hotel group in the world by number of properties.

Now Paris will have to pay to stay at the hotels that carry her name  (yeah, right)

[tivx]

greeeaaat now we're gonne e hearing about the Blackstone sisters/or sons.

hmmmm what that a smart move on both parts?

[nop]

Paris is probably not directly affected by this merger. Newspiece doesn't mentioned her name.

[thatguy]

Lol, of course Paris isn't affected by the acquisition. Blackstone is private equity/asset management--it has nothing to do with pop culture and everything to do with investment and how to protect and expand (in short) Hilton's profits. Blackstone has no interest (or even experience) in actual hotel management, so don't misinterpret this acquisition to be that Hilton will have its name changed to Blackstone.

Think of it as Hilton Hotels being a child, and Blackstone as its new parent, who will take care of its money.

[reyfer]

Paris is probably not directly affected by this merger. Newspiece doesn't mentioned her name.

I guess that the fact that she no longer will inherit the Hilton Hotels company means she is being affected by the deal 
But that's just me 

[Asmodai]

Yeah. Given her lack of management experience, that's probably not a bad thing.

I doubt she'll take a direct role in managing most of her money.

[BigDnm01]

i guess this is a good move... better to sell now and have the money than to let Paris inherit it and turn the business upside down.