Welcome to our dedicated page for Apollo Global Mgmt news (Ticker: APO), a resource for investors and traders seeking the latest updates and insights on Apollo Global Mgmt stock.
Apollo Global Management, Inc. reports news tied to its alternative asset management and retirement services businesses. Updates commonly cover operating results, dividends on common and preferred stock, assets under management, investment origination, and activity at Athene, its retirement-services subsidiary.
Company news also includes fund formation and capital raising across Apollo strategies, including hybrid value, structured equity, dislocated liquid credit, private equity, credit, and real assets. Announcements may describe investment activity across funds managed by Apollo, portfolio-company developments, governance, material agreements, and capital-structure matters.
Brightstar Lottery PLC (NYSE:APO) reported Q2 2025 results with mixed performance. The company achieved 2.6% global same-store sales growth in instant ticket and draw games, but recorded a loss from continuing operations of $60 million, impacted by $99 million in foreign currency translation losses and a $21 million restructuring charge.
Key highlights include $274 million in Adjusted EBITDA, completion of Gaming & Digital business sale for $4 billion, securing the Italy Lotto license through 2034, and maintaining strong liquidity of $2.9 billion. The company announced a $250 million accelerated share repurchase program and reaffirmed its FY'25 Adjusted EBITDA outlook of approximately $1.10 billion.
CX360 (NYSE:APO) welcomes the FCC's decision to mandate SMS georouting capabilities for the 988 Suicide & Crisis Lifeline. The company, through its Mosaicx division under WestCX, provides intelligent routing technology that supports both georouting and call routing for the crisis lifeline.
The new FCC regulation builds on their October decision for voice services, ensuring that help seekers receive localized care through text messaging while maintaining the 988 Lifeline's centralized routing system. The technology enables specialized crisis care and resources for diverse communities, including veterans and Spanish speakers.
Concord, partnering with Apollo (NYSE:APO), has successfully closed a $1.765 billion asset-backed securitization (ABS) transaction. The deal features the industry's first 10-year tranche and includes five-year and seven-year senior notes, secured by Concord's catalog of over 1.3 million music copyrights valued at more than $5.1 billion.
The transaction, which was more than three times oversubscribed, will refinance the company's $1.65 billion 2022-1 note series and $100 million variable funding note. The notes received strong ratings of A+ from KBRA and A2 from Moody's. This represents Concord's fourth securitization offering and stands as the largest and longest-tenured asset-backed term securitization of music rights to date.
Apollo (NYSE: APO) has appointed Brian Chu as Partner and Head of Apollo Portfolio Performance Solutions (APPS). Chu, bringing over 20 years of experience in operational leadership and private equity, will lead APPS' strategic and operational support across Apollo's private equity portfolio. He joins from Centerbridge Partners, where he was Senior Managing Director and co-head of portfolio operations.
Aaron Miller, the current APPS leader, will transition to Chairman of APPS and plans to retire at the end of 2026. Miller will continue advising on strategic initiatives and support select portfolio companies until his retirement. The leadership change emphasizes Apollo's focus on improving business performance and creating value through operational excellence.
Brightstar Lottery (NYSE:IGT) has completed the sale of its Gaming & Digital business to Apollo Global Management for approximately $4.0 billion in net cash proceeds. The company will begin trading under the new ticker symbol BRSL on July 2, 2025.
The proceeds will be allocated across several initiatives: $2.0 billion for debt reduction focusing on near-term maturities, $1.1 billion for shareholder returns (including a $3.00 per share special dividend and a $500 million share repurchase program), $500 million for Italy Lotto license payments, and $400 million for general corporate purposes.
The special dividend will be payable on July 29, 2025, to shareholders of record as of July 14, 2025. The company aims to maintain a strong balance sheet with a target net debt leverage around 3.0x, with pro forma net debt leverage of 3.5x as of March 31, 2025.
Apollo (NYSE:APO) has completed the acquisition of International Game Technology's Gaming & Digital Business and Everi Holdings in an all-cash transaction valued at $6.3 billion. The combined enterprise will operate under the IGT name and will be headquartered in Las Vegas, organized into three business units: Gaming, Digital, and FinTech.
The transaction includes the delisting of Everi from NYSE, with stockholders receiving $14.25 per share in cash. International Game Technology PLC will receive $4.05 billion in gross cash proceeds. Nick Khin will serve as Interim CEO until Hector Fernandez assumes the CEO role in Q4 2025, after which Khin will transition to CEO of IGT's Gaming business unit.
The integration aims to create a privately held global leader in gaming, digital and financial technology solutions, combining complementary businesses to deliver content across land-based and digital experiences, along with integrated financial solutions and casino management.
Apollo (NYSE: APO) has announced the launch of Olympus Housing Capital, a new homebuilder finance strategy focused on providing capital solutions to U.S. homebuilders for land acquisition and development. The initiative will be led by CEO Andrew Brausa, an industry veteran with over 20 years of experience in residential housing.
Olympus will operate with backing from Apollo-managed funds and affiliated balance sheets, targeting both public and private homebuilder customers. The strategy aims to address the structural under-supply of single-family homes and the increasing reliance on customized private financing solutions in homebuilder finance.
The new venture will leverage Brausa's extensive experience, including his previous role founding Brookfield Asset Management's land financing strategies and co-founding Domain Real Estate Partners. The strategy focuses on transforming entitled residential land into finished lots ready for home construction.
Apollo (NYSE:APO) has scheduled the release of its Q2 2025 financial results for Tuesday, August 5, 2025, before the NYSE market opening. The company will host a management conference call and webcast at 8:30 AM EDT to discuss the results, which will be accessible through Apollo's Investor Relations website at ir.apollo.com. A replay of the webcast will be made available one hour after the event.
Apollo (NYSE: APO) has announced that its managed funds will sell MAFTEC Group Co., Ltd. to Advantage Partners. MAFTEC, a Japanese leader in ultra-high temperature heat insulating solutions for automotive and industrial markets, was originally acquired from Mitsubishi Chemical in March 2022.
Under Apollo's ownership, MAFTEC achieved significant EBITDA expansion through the successful launch of the MAFTEC™ product suite. The company's growth was driven by innovative material processing technology and strong management execution despite challenging global conditions.
The transaction is expected to close in H2 2025, subject to closing conditions. This deal adds to Apollo's track record in Japan, where its investments include Panasonic Automotive Systems and Altemira.
Apollo (NYSE: APO) has appointed Celia Yan as Partner and Head of Hybrid for Asia Pacific, based in Hong Kong. Yan brings over 20 years of industry experience, most recently serving as Head of APAC Private Credit at BlackRock. In this newly created role, she will lead Apollo's hybrid platform expansion across Asia Pacific, focusing on delivering flexible capital solutions between traditional debt and equity.
The appointment strengthens Apollo's presence in the region, where the firm aims to provide creative, partnership-driven solutions to help companies fund growth initiatives, generate liquidity, and deleverage balance sheets. Yan's extensive background includes senior investment roles at ADM Capital, National Australia Bank, and Equity Trustees Limited.