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Blackstone to launch IPO/sale of Vivint: WSJ

Blackstone Group is preparing a dual process for Vivint, the smart-home technology company it acquired in 2012, the Wall Street Journal reported. Blackstone recently invited investment bankers to pitch for the sale/IPO, the story said. A deal could value Vivint at more than $3 billion, or $6 billion including debt, the WSJ said.