Apollo Global Management

Struggling used-car dealer’s shares are hot, but business sags and investors worry about the family’s plans. Struggling used-car dealer’s shares are hot, but business sags and investors worry about the family’s plans. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If…

A giant shape-shifting orb has invaded the Las Vegas metropolitan area. If you’ve seen pictures, you’d be forgiven for being alarmed because it sorta resembles something that might land on Earth during an alien invasion. A pulsating ball that likes to change its color and appearance, the orb sometimes looks vaguely like a bomb going off. In other cases, it’s resembleda giant eyeball. Or the moon. Or, a gateway to another dimension...Top 5 Shopping Tips for Amazon Prime DaySo, yeah...wtf is that thing? Unfortunately, it…

Private-equity firm Apollo Global Management APO -0.54% is nearing a deal to buy industrial-parts manufacturer Arconic, ARNC -5.69% according to people familiar with the matter. The deal is set to value Arconic HWM -0.58% at $30 a share, or roughly $3 billion, according to the people. It could be announced by the time Arconic reports…

PHOENIX—The NFL’s owners admitted something unusual was afoot when they gathered here this week for their annual meeting. They’re in the dark about the biggest business decision hanging over the sport they run: the sale of the Washington Commanders. “You may know as much as the league knows, and that’s very rarely the case,” Atlanta Falcons owner Arthur Blank said this week. “It’s very minimal communication.”  Dan Snyder, the Commanders’ embattled owner who remains under investigation by the…

Apollo Global Management Inc. APO -3.02% has agreed to acquire chemical company Univar Solutions Inc. UNVR -2.87% for $8.1 billion including debt, according to people familiar with the matter, in one of the biggest recent leveraged buyouts.  The deal is expected to value Univar UNVR -2.87% at $36.15 a share and to be unveiled…

Private-equity firm Apollo Global Management Inc. is in talks to acquire aerospace-parts maker Arconic Corp. ARNC 19.48% , according to people familiar with the matter.  Apollo submitted a bid in February and has debt financing in place, the people said.  Arconic’s advisers have also reached out to other potential acquirers, the people said. There is no guarantee there will be a deal with any of…

Avaya Holdings Corp. is nearing a chapter 11 bankruptcy filing to restructure its balance sheet as it looks to turn around its business and move past problems surrounding the company’s accounting, people familiar with the matter said. Avaya disclosed earlier this week it has reviewed various restructuring proposals from competing creditor groups. One plan, supported by a senior lender group including Apollo Global Management , would significantly reduce Avaya’s debt load through chapter 11, wipe out…

Yahoo Inc. will buy nearly 25 percent of Taboola.com Ltd. and become its largest shareholder in a deal allowing the online advertising company to exhibit paid content on the web portal's many sites. The 30-year contract, announced on Monday, marks a big bet by internet pioneer Yahoo on digital advertising at a time when industry giants from Alphabet-owned Google to Meta Platforms Inc are struggling with an inflation-driven downturn in ad spending. The Yahoo-Taboola partnership is expected to generate $1 billion in…

Cryptocurrency lender Genesis said it has no immediate plans to file for bankruptcy, days after the collapse of crypto exchange FTX forced it to suspend customer redemptions. "We have no plans to file bankruptcy imminently. Our goal is to resolve the current situation consensually without the need for any bankruptcy filing," a Genesis spokesperson said in an emailed statement to Reuters, adding that it continues to have conversations with creditors. A report from Bloomberg News, citing sources, said Genesis was struggling…

Cryptocurrency firm Genesis Global Capital is still trying to raise cash. The lender has approached crypto exchange Binance for an investment and to bid for its loan book, according to people familiar with the matter. Binance decided not to invest, fearful that some of Genesis’s business could create a conflict of interest down the line, according to one of the people familiar with the matter. The company also approached private equity giant Apollo…