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Sign in Sign up for a FREE subscriptionBlackstone ends takeover discussions of Soho China
Blackstone has ended discussions over a potential HK$31 billion ($4 billion) buyout of mainland commercial developer Soho China, according to a source cited by Bloomberg.
Recent turmoil in the debt market reportedly introduced concerns about arranging financing for a deal.
Soho China holds 1.4 million square meters (15 million square feet) of prime office space in Beijing and Shanghai.
