Medallia Inc. is being taken over by a group of creditors led by Blackstone Inc. after its owner Thoma Bravo said it wasn’t going to inject fresh cash into the ailing software-as-a-service company.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-06-17/blackstone-led-creditors-take-over-ailing-software-firm-medallia)