Deals
Apollo SPAC and Vista Halt $15 Billion Merger Talks
- Deal featured Vista’s Solera, DealerSocket and Omnitracs
- Talks stalled due to market conditions for tech companies
This article is for subscribers only.
One of this year’s biggest blank-check mergers has been put on ice amid tremors in technology stocks and broader market volatility.
Vista Equity Partners’ negotiations to merge three of its companies with acquisition firm Apollo Strategic Growth Capital in a $15 billion transaction have been halted, according to people familiar with the matter who asked not to be named because the information isn’t public. It isn’t clear when or if talks will be revived.