{"id":68619,"date":"2022-10-14T19:18:40","date_gmt":"2022-10-14T16:18:40","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=68619"},"modified":"2025-09-07T15:08:22","modified_gmt":"2025-09-07T12:08:22","slug":"media-nexo-again-extends-decision-deadline-for-vauld-acquisition","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/media-nexo-again-extends-decision-deadline-for-vauld-acquisition\/","title":{"rendered":"Media: Nexo again extends decision deadline for Vauld acquisition"},"content":{"rendered":"

The crypto-lending platform Nexo has once again extended the due-diligence period for deciding on acquiring its competitor Vauld. The Block<\/a> reports, citing an informed source.<\/p>\n

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On July 5, the firm began a 60-day review of the potential deal. In September, the company decided to extend<\/a> the period by another month. According to a source, this time Nexo did not specify a deadline \u2014 the due diligence will take \\”as long as necessary\\”.<\/p>\n

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Earlier, Kalin Methodiev, the managing partner of the firm, during an AMA<\/span>-session confirmed the extension of the period. He noted that any problematic deal is \\”not easy\\”.<\/p>\n

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\\”I am glad to report that our meetings at the senior level at Vauld are going very well. We feel that we are seeing this forward movement in a very similar way: not only do we care about helping people immediately recover their losses, we also have a plan for how this could play out over a longer period of time,\\” stressed Methodiev.<\/p>\n<\/blockquote>\n

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According to him, if the deal goes through, the final plan is to allow Vauld users to \\”restore their balances to the maximum possible extent and provide them with the Nexo platform\\”.<\/p>\n

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