Blackstone bets Indian IT can weather U.S. election: Reuters Breakingviews

(Reuters Breakingviews) Blackstone is betting that political shouting over American visas for foreign workers will come to nothing. The buyout group is offering up to $1.1 billion in cash for Mphasis, an Indian IT outsourcer. That looks brave at a time when most U.S. presidential candidates are touting restrictions to a controversial visa programme that is critical to the industry’s success.

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