Judge Approves $5.8B Bid By Hedge Fund Subsidiary For Venezuelan Oil Assets

( November 26, 2025, 12:53 PM EST) -- WILMINGTON, Del. — A federal judge in Delaware on Nov. 25 granted approval to a $5.8 billion bidder for oil assets in an auction of assets belonging to the Bolivarian Republic of Venezuela and its affiliates, which the court ordered attached to satisfy confirmed international arbitration awards and bond debts worth more than $22 billion, with the judge writing that a hedge fund subsidiary offered “the only Qualified Bid before the Court.”...