![Blackstone concedes defeat to Canada's Oxford in battle for Australia's Investa](http://news.littlecdn.com/600x360/1539848824_5bc83a78732d3.jpeg)
Blackstone concedes defeat to Canada's Oxford in battle for Australia's Investa
Private equity giant Blackstone Group has quit a takeover battle for Australian office-block owner Investa Office Fund after it was gazumped by Canadian landlord Oxford Properties Group's A$3.35 billion ($2.4 billion) bid.