Rover Dog-Walking Company Sold to Blackstone for $2.3 Billion
Online pet-care marketplace Rover Group Inc. has agreed to be acquired by Blackstone Inc. in a $2.3 billion all-cash deal. The pet economy experienced significant growth during the pandemic, but rising inflation has made it more expensive for pet owners to care for their animals. Pet-care retail prices have increased by about 6% from last year, surpassing overall inflation rates.