News
APO
113.58
-0.27%
-0.31
Paramount (NASDAQ:PARA) Rallies after Getting Cut to Junk Status
TipRanks · 11h ago
BUZZ-TD Synnex down as Apollo to halve stake in secondary offering
Shares of IT solutions firm TD Synnex SNX.N down 4.3% at $111 in extended trading on secondary offering launch. Apollo Global Management to sell 9 mln shares in secondary offering. Apollo owns 20% stake in the company. SNX shares closed up 6.5% on Tuesday.
Reuters · 12h ago
Paramount cut to junk at S&P; that may ease acquisition, Wells Fargo says
Paramount Global's long-term debt rating has been cut to junk at S&P. Wells Fargo says that may ease an acquisition of the company easier. The company's studios may be attractive to a buyer. S&p cut Paramount's rating to BB+ from BBB- due to declining credit metrics.
Seeking Alpha · 14h ago
Closing Chapter: UBS And Apollo Wrap Up Agreements, Marking Carve-Out Of Former Credit Suisse Business
UBS Group AG inked a deal with Apollo Global Management Inc. To purchase senior secured financing facilities worth $8 billion. The deal is part of UBS’ strategy of winding down and simplifying its Non-Core and Legacy portfolio. UBS expects to recognize a gain of $0.3 billion from the deal.
Benzinga · 15h ago
UBS, Apollo's Atlas SP end transition agreement, another milestone in Credit Suisse saga
UBS, Apollo's Atlas SP end transition agreement, another milestone in Credit Suisse saga. As part of the agreement, Apollo will buy $8B of senior secured financing facilities from UBS. The transition agreement traces to Credit suisse's liquidity crunch in 2022.
Seeking Alpha · 21h ago
UPDATE 1-UBS sells $8 bln of Credit Suisse assets to Apollo
UBS sells $8 bln of Credit Suisse assets to Apollo Global Management. UBS expects to make a gain of about $300 million from the deal in the first quarter of 2024. Deal is part of UBS's efforts to wind down -core assets after takeover of the bank.
Reuters · 1d ago
UBS, Apollo Complete Carveout of Former Credit Suisse Business -- Update
UBS Group and Apollo Global Management agree to end deals for management of Credit Suisse's former securitized products business. The move is part of UBS's efforts to integrate its former rival. Apollo will buy $8 billion of senior secured financing facilities from UBS. UBS expects to book a gain in the first quarter.
Dow Jones · 1d ago
UBS concludes transfer of Credit Suisse securitization business to Apollo
UBS concludes transfer of Credit Suisse securitization business to Apollo Global Management. Under the deal, Apollo will purchase from UBS $8 billion of "senior secured financing facilities" UBS acquired credit suisse in 2023. UBS is trying to wind down its -core legacy portfolio.
Reuters · 1d ago
UBS, Apollo to End Deals Managing Former Credit Suisse Unit
UBS Group and Apollo Global Management agree to end deals for Credit Suisse's former securitized products business. Apollo will buy $8 billion of senior secured financing facilities from UBS. The move marks the final step in Apollo's carve-out of Atlas SP.
Dow Jones · 1d ago
*Correct: UBS Group, Apollo to Conclude Investment Management and Transition Services Agreements
Dow Jones · 1d ago
*UBS: Credit Suisse AG Is Expected to Recognize a Net Loss of Around $0.9B
Dow Jones · 1d ago
*UBS: Agreement Marks Atlas's Evolution Into a Fully Independent Platform
Dow Jones · 1d ago
*UBS to Recognize a Net Gain in 1Q of Around $0.3B From Conclusion of Agreements
Dow Jones · 1d ago
NFJ: Poor Performance, But The Portfolio Is Not That Bad For Today's Market
Seeking Alpha · 1d ago
RPT-BREAKINGVIEWS-Unbundling Paramount is better for almost everyone
Paramount Global has received an $11 billion bid from Apollo Global Management for its film and TV studios. Jennifer Saba says Paramount is in trouble. Its traditional cable business has been undermined by Netflix. She says controlling shareholder Shari Redstone is instead eyeing a deal for her stake. Saba: Unbundling Paramount is better for almost everyone.
Reuters · 2d ago
Weekly Report: what happened at APO last week (0318-0322)?
Weekly Report · 2d ago
Casino M&A and sports betting deals could be heating up
Consumer Casino M&A and sports betting deals could be heating up. Rush Street Interactive (RSI) reported to be exploring a potential sale. DraftKings (DKNG) could be on the list of potential buyers. MGM Resorts International could be looking to sell some of its casino assets.
Seeking Alpha · 4d ago
BREAKINGVIEWS-Unbundling Paramount is better for almost everyone
Apollo is offering $11 bln for the media empire's studios. That's a complication for Shari Redstone's push to sell her controlling stake. Other investors are better served by a breakup's cash lifeline. Breakingviews: Unbundling Paramount is better for almost everyone.
Reuters · 5d ago
The Apollo Proposal Highlights Paramount Global's 'Fight Or Flight' Conundrum
Paramount Global stock has fallen significantly over the past year. Apollo has offered $11 billion for Paramount Pictures. The Apollo Proposal Highlights Paramount Global's 'Fight Or Flight' Conundrum. PARA is facing rapid declines in linear TV and intensifying competition in DTC streaming. The company has been selling non-core assets to raise cash.
Seeking Alpha · 5d ago
Dell, TJX And 2 Other Stocks Insiders Are Selling
Nasdaq 100 closed higher by around 80 points on Thursday. Investors focused on notable insider trades. Dell Technologies CEO Michael Dell sold a total of 2,977,478 shares at an average price of $108.5. Apollo Global Management, Inc. And The TJX Companies also made notable insider sales.
Benzinga · 5d ago
More
Webull provides a variety of real-time APO stock news. You can receive the latest news about Apollo Global Mgmt Inc through multiple platforms. This information may help you make smarter investment decisions.
About APO
Apollo Global Management, Inc. is a global alternative asset manager and a retirement services provider. It operates in three segments: Asset Management, Retirement Services and Principal Investing. The Asset Management segment focuses on three investing strategies: yield, hybrid, and equity. These strategies reflect the range of investment capabilities across its platform based on relative risk and return. The Retirement Services business is conducted by Athene Holding Ltd (Athene), a financial services company that specializes in issuing, reinsuring, and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Athene product lines include annuities and funding agreements. The Principal Investing segment includes realized performance fee income, realized investment income from its balance sheet investments, and certain allocable expenses related to corporate functions supporting the entire company.