Apollo Global Mgmt (APO) Stock News

Intrado Corporation announces its third annual summit, A Virtual Event for Communicators, on December 11, 2020, hosted on Intrado’s platform. This free event aims to unify experts in marketing, public relations, and investor relations to share insights from 2020. The summit will feature presentations, panel discussions, and success stories, including the celebration of outstanding virtual events. Key topics will explore future event strategies and IR communications as well as provide networking opportunities for attendees.

Intrado Corporation announced the launch of interactive healthcare communication tools designed specifically for telemedicine, including secure chatbots and virtual visits. Powered by QliqSOFT, these tools are HIPAA-compliant and aimed at enhancing patient-provider interactions. Key features include curbside check-in for patient safety during COVID-19 and virtual visits via SMS or email. Intrado's comprehensive platform is intended to improve communication efficiency and patient outcomes while addressing safety concerns. The solutions aim to connect healthcare providers with patients securely.

Intrado Corporation has released its 2020 Benchmark Report for Webcasts and Virtual Events, revealing substantial impacts of COVID-19 on the industry. Key findings include a 360% increase in the number of webcasts and virtual events, with over 1.8 billion minutes viewed on its platform, a 350% increase from 2019. Gamification saw a 995% growth with over 1.3 million games played. Virtual booth visits surged by 472% year-over-year. Intrado's president anticipates continued growth in virtual events as they merge with physical formats.

Great Canadian Gaming Corporation has entered a definitive agreement with Apollo Funds, managed by Apollo Global Management (NYSE: APO), for the acquisition of all outstanding shares at C$39.00 per share, valuing the deal over C$3.3 billion. This price represents a 59% premium over the 30-day VWAP. The Board unanimously approved the deal, citing it as the best option for shareholders. Apollo aims to enhance Great Canadian's operations, expand its gaming and hospitality offerings, and support its successful reopening post-COVID-19 with a commitment to community involvement.

PK AirFinance, managed by Apollo Global Management (NYSE: APO), has appointed Eelco van de Stadt as President, effective January 2021. This decision follows the retirement of Per Waldelof, who led the company for 25 years. Van de Stadt brings extensive experience in aviation finance, having previously held senior positions at MUFG and DVB Bank. PK AirFinance currently manages a portfolio valued at $4.5 billion, supporting over 94 operators in 51 countries. Apollo’s strategy involves leveraging PK’s capabilities for growth and achieving attractive risk-adjusted returns for investors.

Apollo Global Management (NYSE: APO) announced that co-founder Josh Harris will present at the Bank of America Securities 2020 Future of Financials Virtual Conference on November 10, 2020, at 10:30 am ET. A live webcast of the presentation will be accessible in the Stockholders section of Apollo's website. The company had assets under management of approximately $433 billion as of September 30, 2020, across various sectors. A replay of the event will be available post-presentation on their website.

Apollo Global Management (NYSE: APO) reported strong Q3 2020 results, with total assets under management increasing to $433 billion, up $102 billion since 2019. The company declared a cash dividend of $0.51 per share for the third quarter, with a year-to-date total of $1.42. Key growth was attributed to significant transactions, organic development for insurance clients, and capital raising. Despite market challenges, Apollo's management emphasized its resilience and strong operational capabilities.

Intrado Corporation announced the sale of its Health Advocate business to Teleperformance for $690 million. This decision follows a strategic review aimed at focusing on Intrado's cloud businesses. The transaction is set to close in the first quarter of 2021 pending regulatory approvals. This sale is anticipated to allow Health Advocate to thrive under Teleperformance's operational excellence, aligning with its focus on personalized customer experience. Goldman Sachs and Triple Tree advised Intrado on this transaction.

Apollo Global Management (NYSE: APO) has acquired a US telecommunications platform from Lendlease, rebranding it as Parallel Infrastructure. This platform includes nearly 500 operational cell towers and a pipeline of additional towers under development. Major US carriers like AT&T, Verizon, and T-Mobile are key customers. The acquisition aligns with Apollo's expertise in corporate carve-outs and aims to support the growing demand for data and 5G networks in the US. The deal enhances Apollo's infrastructure investment track record, which exceeds $20 billion.