Blackstone in Talks to Merge Alight With SPAC: Reuters (1)

Blackstone Group Inc. is in talks to merge Alight Solutions LLC with Foley Trasimene Acquisition Corp., a blank-check special acquisition firm backed by investor Bill Foley, Reuters reported.

The merger would lead to Alight, a benefits administrator business, becoming a publicly-listed firm at a valuation of more than $8 billion, the report said, citing unidentified people familiar with the matter. Talks may not lead to a deal, they said.

Matthew Anderson, a spokesman for Blackstone, declined to comment, while representatives for Alight didn’t respond to an emailed request. A Foley spokesman didn’t immediately respond to a Reuters request ...