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.
Apollo Global Management (NYSE: APO) has successfully acquired Yahoo, previously known as Verizon Media, marking a significant transition as Yahoo becomes a standalone entity under Apollo's management. Verizon retains a 10% ownership stake in Yahoo. Apollo aims to enhance Yahoo's offerings and user experience, tapping into its extensive user base of nearly 900 million monthly active users. Both Reed Rayman from Apollo and Yahoo's CEO Guru Gowrappan expressed optimism for future growth and innovation, signaling a new era for the iconic brand.
TD SYNNEX has successfully completed its merger, combining SYNNEX Corporation and Tech Data Corporation under the new entity TD SYNNEX. This merger enhances its global distribution capabilities across over 100 countries and strengthens its product offerings in key technology segments. Led by Rich Hume, the company aims to deliver superior value and innovation to its customers and vendors. Apollo Global Management received 44 million shares and $1.1 billion in cash through the merger.
Funds managed by Apollo Global Management announced a $150 million equity commitment to FlexGen Power Systems, a leader in energy storage technology. This investment aims to enhance FlexGen's growth and market position in the energy transition sector, where storage solutions are essential for integrating renewables reliably. FlexGen has deployed over 1.2 GWh of storage systems and offers advanced software solutions for energy management. Apollo's investment follows a series of investments in clean energy ventures, underscoring their commitment to supporting renewable energy advancements.
Apollo (NYSE: APO) has appointed Noah Gunn as Managing Director and Global Head of Investor Relations. Gunn will oversee the firm's investor relations strategy and engagement with stakeholders, reporting to CFO Martin Kelly. He previously held a similar role at Athene Holding, where he was instrumental during its merger with Apollo. With a background in equity research at prominent banks, Gunn aims to enhance communication with shareholders. As of June 30, 2021, Apollo managed approximately $472 billion in assets.
Intrado Corporation has partnered with Interprefy to enhance its webcasting platform by offering real-time audio interpretation in 26 languages, allowing clients to reach global audiences effectively. This partnership integrates seamlessly with Intrado's award-winning webcasting solution, facilitating cost-effective, on-demand interpretation for virtual and hybrid events. The initiative aims to foster engagement and inclusivity, as event planners increasingly seek ways to connect with diverse audiences. Intrado's recent acquisition of Hubb further strengthens its position in the event management technology sector.
Intrado Corporation has acquired Hubb, a leader in hybrid event management technology, enhancing its position in the omnichannel event marketplace. This acquisition provides an end-to-end solution for in-person, virtual, and hybrid events, empowering clients with comprehensive data management and analytics to improve engagement and ROI. Forrester rated Hubb as a Leader in B2B Marketing Events Management. The integration aims to create an innovative platform for seamless event experiences, leveraging both companies' strengths for future growth.
Apollo Global Management (NYSE: APO) announced the appointment of Vikram Mahidhar as Operating Partner to enhance the firm's Data & Digital Transformation initiatives within its APPS platform. Mahidhar will lead efforts to drive digital transformation across Apollo's Private Equity portfolio using advanced analytics and AI. His previous experience includes a Senior VP role at Genpact. This strategic move is part of Apollo's broader initiatives aimed at enhancing operational capabilities and delivering strong financial performance across its portfolio.
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Intrado Corporation has joined the Mission Critical Alliance (MCA) led by L3Harris Technologies to enhance public safety technology integration. This collaboration aims to improve the capabilities, compatibility, and security of essential public safety solutions. The MCA includes top industry leaders and focuses on addressing significant challenges in public safety technology. A key event will be an interactive demonstration of Intrado's solutions on August 19-20, 2021, in San Antonio, TX.
Apollo EPF III has entered a definitive agreement to acquire a portfolio of real estate assets from ENPAM for €842 million. The portfolio consists of 68 commercial and residential properties, mainly located in Rome and Milan. This divestment allows ENPAM to enhance its financial flexibility and better serve its pensioners. Apollo's transaction is part of their strategy to expand their European real estate portfolio, which includes $7 billion in assets under management as of June 30, 2021. The deal is expected to close by year-end.