Blackstone to buy ESG software provider Sphera in $1.4 bln deal

The ticker for Blackstone Group is displayed at the post where it is traded on the floor of the New York Stock Exchange April 4, 2016. REUTERS/Brendan McDermid

July 6 (Reuters) – Blackstone Group Inc said on Tuesday it will buy Sphera, a environmental, social and governance (ESG) software, data and consulting services provider, from private equity firm Genstar Capital in a $1.4 billion deal.

Chicago, Illinois-based Sphera has more than 3,000 customers and is present in over 100 countries. Its offerings allow organizations to measure and manage their performance and risk exposure pertaining to their ESG activities.

Blackstone has

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Courtroom rules that FCC can block subsidized buy of Huawei’s 5G networking gear in the U.S.

Bloomberg noted on Friday that a three-choose federal appeals courtroom in New Orleans, which include two judges appointed by former President Donald Trump, agreed with a 2019 FCC ruling blocking Chinese networking organization Huawei from using taxpayer cash to subsidize the purchase of its 5G networking gear. The funds are meant to be applied for U.S. broadband progress.

Appellate courtroom rules that the FCC can block backed purchases of Huawei networking gear simply because it is a countrywide stability menace in the U.S.

The FCC blocked Huawei from receiving backed funds because its networking machines is open to attacks from
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