<div>
  <p>
    Rover announced that it will be acquired by Blackstone in an all-cash transaction valued at approximately USD 2.3 billion. The deal, at USD 11 per share, represents a 61% premium to the 90-day average share price. The transaction, featuring a 30-day &quot;go-shop&quot; period for Rover to explore alternative proposals, is expected to close in Q1 2024.
  </p>
</div>


<div>
  <p>
    <a href="https://www.blackstone.com/news/press/rover-agrees-to-be-acquired-by-blackstone-in-2-3-billion-transaction/">
      Press release
    </a>
  </p>
</div>


Pet Care Tech

<div>
 <p>Pet care company Rover is to be bought by Blackstone in a cash deal worth around USD 2.3 billion. The transaction, which offers USD 11 per share, also gives Rover a 30-day period to consider other proposals. The deal is expected to close in the first quarter of 2024.</p>
</div>

Rover to be acquired by Blackstone in USD 2.3 billion deal

Monthly News Summary (May 2023)

Monthly News Summary (February 2023)

All Updates

Rover to be acquired by Blackstone in USD 2.3 billion deal

Monthly News Summary (May 2023)

Monthly News Summary (February 2023)

Rover posts break-even Q3 2022 earnings; upgrades FY2022 guidance

Rover beats Q2 2022 revenue and EPS estimates; downgrades FY2022 outlook

Rover beats Q1 2022 consensus revenue and EPS estimates; reaffirms FY2022 guidance

Rover posts robust Q4 performance; beating consensus estimates

Petco expands partnership with Rover to offer new services

Pandemic recovery boosts Rover to first quarter of positive adjusted EBITDA