Apollo Global Management, Inc. (APO)
After hours:
| Previous close | 113.77 |
| Open | 114.17 |
| Bid | 112.67 x 1100 |
| Ask | 112.73 x 1300 |
| Day's range | 112.23 - 114.33 |
| 52-week range | 57.50 - 117.15 |
| Volume | |
| Avg. volume | 2,391,120 |
| Market cap | 64.043B |
| Beta (5Y monthly) | 1.62 |
| PE ratio (TTM) | 13.61 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 1.72 (1.51%) |
| Ex-dividend date | 16 Feb 2024 |
| 1y target est | N/A |
- Bloomberg
RBC-Led Banks Offer Juicy Yield to Offload Last of Tenneco Debt
(Bloomberg) -- A group of lenders led by Royal Bank of Canada launched a roughly $365 million bond sale to offload debt they’ve been stuck with since Apollo Global Management Inc.’s buyout of Tenneco Inc. in 2022.Most Read from BloombergBiden’s Gains Against Trump Vanish on Deep Economic Pessimism, Poll ShowsTaylor Swift Is Proof That How We Critique Music Is BrokenBiden’s New Chopper Is Demoted After Scorching White House LawnTech Giants Hit in Late Hours After Meta’s Outlook: Markets WrapTesla
- Barrons.com
Paramount Stock Jumps on Report That Sony Is a Potential Buyer
Sony’s movie division and investment firm Apollo Global have been in talks to make a bid for the media company, a report said.
- Yahoo Finance Video
What a Sony, Apollo buyout of Paramount looks like: Analyst
Sony Pictures Entertainment (SONY) has entered talks with Apollo Global Management (APO), the parent company of Yahoo Finance, to discuss a possible joint buyout bid of Paramount Global (PARA,PARAA). According to the New York Times, both companies, through a joint venture, would offer cash for shares of Paramount, taking the company private. Citi Managing Director Jason Bazinet joins The Morning Brief to discuss the potential joint buyout bid from Sony and Apollo and what it could mean for all companies involved and investors moving forward. In terms of what consumers can expect, should a deal go through, Bazinet says: "I think you'll see fewer apps...If this bid between Apollo and Sony is right, Sony is really sort of an arms dealer, right? So they're going to presumably take the studio and just feed everybody's app. Then I would think that someone on the private equity side would, sort of, not want to absorb the losses from a streaming app like Paramount+ and would just focus on the cash-generative assets and pay down debt to create equity value." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
