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) announced the completion of an independent review by its Conflicts Committee regarding Chairman and CEO Leon Black's past relationship with Jeffrey Epstein. The review, conducted by law firm Dechert LLP, found that Apollo never hired Epstein for services, nor did he invest in Apollo-managed funds. Black engaged Epstein for legitimate trust and estate planning advice, supported by vetted professionals. The report, which reviewed over 60,000 communications and interviewed more than 20 individuals, found no link between Black and Epstein's criminal activities. The findings align with Apollo's prior statements.
Apollo Global Management announced significant leadership changes, with Leon Black set to retire as CEO by July 31, 2021. He will remain Chairman while Marc Rowan is appointed as the new CEO. The Board will expand with four new independent directors, including Pamela Joyner and Siddhartha Mukherjee, effective March 1, 2021. The company is also considering a simplified voting structure and governance changes to enhance shareholder alignment. Notably, Apollo’s assets under management increased by $22 billion to $455 billion, indicating strong growth prospects.
Intrado Corporation announced its new Lobby Experience feature, enhancing its Digital Media solutions. This innovation allows marketers to create branded pre- and post-webcast virtual lobbies, improving audience engagement. The Lobby offers interactive tools such as downloadable content, Q&A capabilities, and social media integration. This technology aims to transform standard webcasts into interactive experiences, reflecting Intrado's commitment to digital transformation in event management. The company, controlled by Apollo Global Management (NYSE: APO), continues to innovate in the digital services space.
Apollo Global Management (NYSE: APO) will announce its Q4 and full-year 2020 financial results on February 3, 2021, before NYSE trading begins. The management will discuss these results in a conference call at 8:30 a.m. ET, accessible via phone or webcast. As of September 30, 2020, Apollo managed approximately $433 billion in assets across various sectors. The press release includes forward-looking statements regarding Apollo’s future performance, which are subject to risks including COVID-19 impacts and market conditions.
Intrado Corporation launched the Mosaic customer service platform, leveraging Google Cloud technology and predictive intent machine learning. This AI-powered platform enhances customer interactions by enabling virtual assistants to handle service requests autonomously. Mosaic supports omnichannel communication and is available in a platform-as-a-service model or as a managed service. Intrado aims to provide scalable, intelligent engagement for various industries, improving customer experience and responsiveness.
Takkion Holdings LLC, a portfolio company of Apollo Global Management (NYSE: APO), has acquired Renew Energy, Inc., a leading provider of operations and maintenance solutions in the renewable energy sector. Established in 2009, Renew has built a robust O&M business primarily for the wind power industry, servicing a diverse customer base across the U.S. The integration aims to enhance Takkion's logistics and transportation capabilities, allowing for a comprehensive service offering in managing renewable energy infrastructure.
Apollo Global Management (NYSE: APO) announced a strategic partnership with Anheuser-Busch InBev (NYSE: BUD) to acquire a 49.9% stake in AB InBev’s US metal container plants for about $3 billion. This deal will help AB InBev enhance shareholder value and reduce debt. Apollo aims to leverage its investment expertise to aid AB InBev in optimizing its assets. AB InBev will maintain operational control and has the option to reacquire the stake after five years. This transaction reflects Apollo's capacity to undertake large, complex investments.
Intrado Corporation has announced the acquisition of Asparia, Inc., enhancing its patient engagement solutions for healthcare providers. Asparia's platform integrates with major Electronic Health Record systems, offering automated patient communication workflows and multilingual support. This strategic move aims to improve efficiency for Intrado's 17,000+ healthcare clients. The acquisition position strengthens Intrado's cloud-native offerings in the healthcare sector.
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Intrado Corporation has launched Virtual Event Express, a self-service platform that allows users to create fully branded virtual events within hours. This innovation arises from the increasing demand for virtual events and aims to lower the barriers to entry in terms of cost and setup time. Users can take advantage of built-in features like customizable registration, engaging lobbies, multi-track agendas, and robust analytics. The platform integrates easily with existing meeting tools, enhancing user control and scalability for companies of all sizes.