Private Money 2008
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Alliance Data Systems (private-label credit cards)
Alliance Data Systems (private-label credit cards)
The credit card processor sought a $170 million breakup fee.
•  When a deal is no longer a deal
Deal announced: 05/17/2007
Deal withdrawn: 04/18/2008
Investors: Blackstone Group
Value of the deal: $6.4 billion

Blackstone may have made the first gestures toward a break up, but the credit card processor ultimately ended the deal. It then sued Blackstone for allegedly breaching the terms of their agreement and said it wanted a $170 million breakup fee.

Alliance Data says that the private equity firm did not made its best efforts to win regulatory approval for the deal.

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Last updated May 19 2008: 1:26 PM ET
Thomson Reuters, Capital IQ
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