12:41 PM EDT, 05/19/2026 (MT Newswires) -- Blackstone (BX) dropped out of a consortium exploring a takeover of German media group Stroeer, Bloomberg reported Tuesday, citing people familiar with the matter.

The investor group, which includes I Squared, was mulling a 2.5 billion euro ($2.9 billion) bid, the report said.

I Squared is reviewing its strategy, and there is no certainty that the consortium will proceed with an offer, the report said.

Blackstone did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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