Apollo Global Mgmt Inc Stock Price, News & Analysis

Apollo announced an agreement to acquire Cardenas Markets, a prominent grocery retailer serving the Hispanic community, from KKR. This acquisition will merge Cardenas with Tony's Fresh Market, creating a large Hispanic-focused grocer with approximately $1.8 billion in combined revenues. The two companies will maintain their brands while leveraging complementary strengths. Cardenas operates 59 stores across three states. The transaction is expected to close by Q3 2022, though financial terms remain undisclosed.

Moleaer has successfully closed a $40 million Series C funding round led by Apollo (NYSE: APO), bringing its total funding to $61 million. The capital will be utilized to enhance the deployment of Moleaer’s proprietary nanobubble technology, aimed at addressing climate change and water scarcity across various industries. This technology has already treated over 500 million gallons of water daily and improved crop yields by up to 56%. Moleaer aims to make its nanobubble technology standard in water-based industrial processes, enhancing sustainability while reducing costs.

Intrado Corporation has launched the Intrado Power Access, a cloud-enabled solution designed for Public Safety Answering Points (PSAPs). This flexible tool aims to improve call-handling efficiency amid the challenges posed by Next Generation 911 and increasing call volumes. Key features include a browser-based visualization tool, advanced call-handling capabilities, and integration of third-party data for enhanced situational awareness. Demonstrations of Power 911 Web are scheduled at the NENA Expo on June 13-14, 2022. Intrado is controlled by affiliates of funds managed by Apollo Global Management (NYSE: APO).

Brightspeed announced plans to construct a fiber optics network in North Carolina, targeting over 300,000 new fiber passings across more than 30 counties by the end of 2023. The initiative is part of a broader $2 billion investment aimed at reaching up to 3 million homes and businesses over five years, including an additional 500,000 fiber passings. The project is linked to the acquisition of Lumen Technologies' assets by Apollo-managed funds, with expectations for regulatory approval in Q3 2022.

Apollo Global Management (NYSE: APO) announced that Co-President Jim Zelter will present at the Morgan Stanley US Financials, Payments & CRE Conference on June 14, 2022, at 1:00 pm ET. A live webcast of the event will be available on the Apollo website, with a replay accessible afterward. As of March 31, 2022, Apollo has around $513 billion in assets under management, focusing on providing clients with excess returns across various investment strategies, including yield, hybrid, and equity.

Intrado Corporation has launched its conversational AI solution, Mosaicx, on Google Cloud Marketplace. This technology offers advanced customer service capabilities by understanding conversational intent, unlike traditional systems that rely on menus. Mosaicx aims to enhance customer experience, reduce costs, and generate revenue through a Google Cloud-based framework. The solution combines a communication gateway, speech engine, and orchestration framework, enabling customers to interact naturally through voice or text. Mosaicx also supports outbound messaging for marketing and appointment reminders.

Apollo Global Management (NYSE: APO) invites the investment community to its Retirement Services Business Update on June 13, 2022, in New York City. The event will feature presentations from Apollo and Athene senior management, starting at 9:00 AM ET, followed by a Q&A session. A live webcast will be available on Apollo's website, with a replay accessible afterward. Interested parties can attend in-person by emailing IR@apollo.com.

Apollo manages approximately $513 billion in assets as of March 31, 2022.

Apollo Global Management (NYSE: APO) announced that Co-President Scott Kleinman will present at the Bernstein’s 38th Annual Strategic Decisions Conference on June 2, 2022, at 3:30 pm ET. A live webcast will be available, and a replay will follow the event. Apollo, a significant player in the alternative asset management sector, reported approximately $513 billion in assets under management as of March 31, 2022. The firm focuses on providing clients with excess returns across various investment strategies, including yield, hybrid, and equity.