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Blackstone buys S.F. startup recently embroiled in controversy

Dawn Kawamoto
Blackstone buys S.F. startup recently embroiled in controversy

Private equity behemoth Blackstone is acquiring controversial San Francisco mobile advertising startup Vungle, which reached a settlement with its co-founder Zain Jaffer in connection with the deal. Although Vungle and Blackstone did not disclose the purchase price, it was valued at $750 million, according to VentureBeat. For Vungle, the transaction brings to a close controversy that enveloped the company in 2017.