04:02 PM EDT, 08/26/2024 (MT Newswires) -- Apollo Global Management ( APO ) and Blackstone (BX) are in discussions to provide new debt financing for the merger of two Amazon.com ( AMZN ) aggregators, Bloomberg reported Monday, citing people familiar with the matter.

The talks are related to Paris-based Branded's proposed acquisition of Heyday for $521 million in equity of a new combined company that will be named Essor, the sources were quoted as saying.

The new company will be valued at more than $1 billion and a deal will include a new round of debt from Blackstone, Apollo and Apollo-backed Victory Park Capital, the people reportedly said.

Blackstone declined to comment, and Apollo and Amazon ( AMZN ) did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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