Cerberus is reportedly in negotiations to join Virtu's attempt to acquire brokerage Knight...

|By:, SA News Editor

Cerberus is reportedly in negotiations to join Virtu's attempt to acquire brokerage Knight Capital (KCG) in a deal valued at $1.5-1.6B including debt. Virtu is also in talks with Silver Lake, Credit Suisse (CS) and other banks about financing for the bid. Meanwhile, Jefferies Group (JEF) will provide $950M to help fund Getco's rival offer for Knight in a deal worth $1.4-1.8B including debt.