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Blackstone Credit Division To Snap Up Velti Assets

By Stewart Bishop (December 17, 2013, 2:19 PM EST) -- Velti PLC said Tuesday it planned to sell its mobile marketing business in the U.S., the Netherlands and the U.K. to the credit division of Blackstone Group LP, the stalking horse bidder, in a cash and debt deal, after it failed to receive any other qualifying offers....

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