Business
Source: Bloomberg Markets
Blackstone-Led Creditors Assume Control of Software Firm Medallia
Medallia Inc., a software-as-a-service company, is being taken over by a group of its creditors. This group is led by Blackstone Inc. The change in ownership follows a decision by Medallia's current owner, Thoma Bravo, not to inject additional capital into the firm.
By Fainaron·Jun 17, 2026 (7 minutes ago)·1 views
A consortium of creditors, spearheaded by Blackstone Inc., has taken control of Medallia Inc. The software-as-a-service company has been described as ailing.
This development comes after Medallia's owner, Thoma Bravo, declined to provide further cash infusions into the company. The decision by Thoma Bravo paved the way for the creditor group to assume ownership.
According to Bloomberg Markets, the creditors, led by Blackstone, are now in charge of the software firm.
Source attribution: This article was AI-curated and rewritten by Fainaron from a piece originally published by Bloomberg Markets. Read the original at Bloomberg Markets →
