Beverly Hills/New York. Blackstone acquires Hilton: Hilton Hotels Corporation and The Blackstone Group announced last night that Hilton and Blackstone's real estate and corporate private equity funds have entered into an all-cash transaction valued approximately 26 billion USD. Under the terms of the definitive merger agreement, Blackstone will acquire all the outstanding common stock of Hilton for 47.50 USD per share. The price represents a premium of 40% over yesterday's closing stock price.