Private equity giant Apollo participates in the acquisition of Celsius

ChainCatcher news, according to a report by CoinDesk citing sources, Apollo Global Management, a traditional financial distressed asset investment firm with over $500 billion in assets under management, is participating in the acquisition of the bankrupt crypto lending platform Celsius. Previously, Celsius announced three bidders for the auction, and sources say that Apollo is one of the investors in the acquisition offer submitted by NovaWulf, one of the bidders. Currently, the Celsius auction has been paused, and the deadline for submitting disclosure statements has been extended to May 11, 2023. (source link)