Blackstone to Buy Majority Stake in Spanx in $1.2 Billion Deal - BNN Bloomberg

Sara Blakely founded Spanx Inc. in 2000 with $5,000 of her personal savings earned from selling fax machines door-to-door. She just struck a deal with Blackstone Inc. that values the company at $1.2 billion.

Blackstone buys majority stake in Spanx, valuing it at $1.2 bln

Spanx valued at $1.2bn as Blackstone buys a majority stake

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Blackstone buys majority stake in Spanx, valuing it at $1.2 billion

Spanx, the shapewear brand, valued at $1.2 billion in Blackstone