Vista, Blackstone group in talks to buy Smartsheet, Reuters reports

A private equity consortium including Vista Equity Partners and Blackstone (BX) is in talks to acquire Smartsheet (SMAR), people familiar with the matter told Reuters’ Milana Vinn. A deal for the maker of workplace collaboration software with a market value of about $7B could be signed in the coming weeks if the talks don’t fall apart, though the terms being discussed could not be immediately learned, the report noted. Smartsheet shares are up $3.27, or 7%, to $50.61 in afternoon trading following the report.