Activist investor Billie Pulte has expressed strong support for Apollo Global Management as the preferred buyer for Virtu Financial, indicating a willingness to commit up to $100 million in a potential take-private deal. Pulte's announcement follows his outreach to Virtu's board, emphasizing Apollo's extensive due diligence in the acquisition process. However, sources close to Apollo have stated that there are currently no ongoing discussions or pending deals with Virtu regarding a takeover. Despite Pulte's assertions, Apollo's credit business is reportedly focused on building an investment-grade credit desk rather than pursuing a buyout of Virtu. The situation remains fluid as both companies have been contacted for further comments.
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