In other SVB-related news, the Financial Group, which was the holding company of SVB, is exploring ways to sell off its other units. Private equity company Apollo Global Management is reportedly inter...
Tag: Apollo
Private equity firms Apollo and KKR among those reviewing Silicon Valley Bank loans
People wait outside the Silicon Valley Bank headquarters in Santa Clara, CA, to withdraw funds after the federal government intervened upon the bank’s collapse, on March 13, 2023. Nikolas Liepin...
Wood Group, Premier Foods, Spirent Communications
. getty These three FTSE 250 firms have been moving sharply in Tuesday business. Here are the key takeaways from their latest market updates. Wood Group Oilfield services and engineering specialist Wo...
Is Wood Group right to reject Apollo Management acquisition bid?
Private Equity companies are still interested in buying UK companies, which they believe are significantly undervalued. In 2022, an American PE firm acquired Morrisson’s while Parker-Hannifin bought M...
Apollo, Pimco in Pact to Prevent Creditor Brawl Over Carvana
(Bloomberg) — Some of Carvana Co.’s largest creditors including Apollo Global Management Inc. and Pacific Investment Management Co. have signed a pact that binds them to act together in negotiat...
Boston Scientific to acquire Apollo Endosurgery for $615 million in cash
Boston Scientific Corp. BSX, +1.18% said Tuesday it has agreed to acquire Apollo Endosurgery Inc. APEN, +65.17% for $10 a share, or about $615 million in cash. The news sent Apollo’s stock, whic...
Apollo and Hamilton Lane launch blockchain investment vehicles with Figure
Asset managers Apollo Global Management and Hamilton Lane are launching investment vehicles on the blockchain using technology developed by fintech company Figure. The investment firms will leve...
Credit Suisse sells most of its securitized products business to Apollo as it speeds up restructure
Credit Suisse on Tuesday announced that it would accelerate the restructure of its investment bank by selling a significant portion of its securitized products group (SPG) to Apollo Global Management....
FTX Turns to Apollo in Latest Bailout Bid
In Sam Bankman-Fried’s latest Hail Mary to salvage his cryptocurrency exchange, FTX, the under-fire former billionaire turned to private equity powerhouse Apollo Global, according to three sources fam...
Apollo Global Employs Anchorage Digital as Crypto Overseer
Anchorage Digital will be overseer to the crypto assets of Apollo Global Management. Apollo has employed Christine Moy as chief of digital assets strategy. Diogo Monica believes that the partnership w...
Apollo Global Partners With Anchorage To Hold Crypto On Behalf Of Their Clients
Through a partnership with Anchorage Digital, which happens to be a digital asset platform, Apollo Global Management Inc. has started to provide crypto custodial services on behalf of its clients thro...
$500B Asset Manager Apollo Launches Crypto Custody Service for Institutional Clients
Private equity and investment management firm Apollo Global Management, Inc. has started offering crypto custody services to institutional clients, Reuters reported on Monday. The asset manager offers...
Asset Manager Apollo Now Holds Crypto for Institutional Clients
Apollo Global Management has begun holding Bitcoin and other cryptocurrencies on its client’s behalf via a new partnership with the digital asset platform, Anchorage Digital. The move is a massive ste...
$500,000,000,000 Asset Manager Apollo Launches New Crypto Custody Service for Institutional Investors
$500 billion asset management giant Apollo Global Management is launching a new cryptocurrency custody service for its clients through a partnership with digital asset platform Anchorage Digital. Acco...
$500 billion asset manager Apollo launches Bitcoin custody for institutional clients
As part of a big drive by one of the world’s top asset managers to offer cryptocurrency to institutional investors, Apollo Global Management Inc., with $515 billion of assets under management, has beg...
Apollo Global seeks smaller role in Musk’s Twitter bid: Reuters
Apollo Global Management and Elon Musk are “no longer in talks” about a potential financing deal for the billionaire entrepreneur’s prospective bid to buy Twitter, according to Reute...
Apollo, Sixth Street No Longer in Discussions to Finance Twitter Deal
Apollo and Sixth Street decided to opt out of financing Twitter deal when Musk backtracked on the acquisition back in July. Apollo Global Management Inc and Sixth Street Partners are reportedly backin...
Apollo Global, Sixth Street Never Part of Musk’s Twitter Deal
2 hours ago | 2 mins read Bitcoin News Many see the takeover as potentially influencing the results of future elections. The Twitter stock soared almost 20%, reaching a new high of $52.06. Concerns we...
Apollo Global, Sixth Street Weren’t Part Of Financing Twitter Deal, Elon Musk Agrees
After Tesla CEO Elon Musk agreed to proceed with the $44 billion buyout of Twitter at $54.20 per share, some noises surrounding third-party equity investors pulling out of the deal raised concerns amo...
Apollo DAO to shut down LP vaults on Terra Classic
Apollo DAO, one of the many protocols that supported the Terra blockchain, has announced that it will be shutting down its vaults on Terra Classic. In a blog post published on Apollo’s website, the pr...
Apollo DAO Announced Shutting of Vaults on Terra Classic
5 hours ago | 2 mins read Defi News Over 10,000 token holders make up Apollo DAO. Around $200 million was trapped in the Apollo DAO network upon its inception. Simultaneously with the issuance of an a...
Apollo DAO to close vaults on Terra Classic
Around the same time that a South Korean court issued an arrest warrant for Terra co-founder Do Kwon, Apollo DAO, a decentralized autonomous organization building on the Terra blockchain, said it was ...
Chicken Soup Completes Redbox Acquisition, Ending a Weird Meme-Stock Tale
Text size A Redbox video rental kiosk. Justin Sullivan/Getty Images Chicken Soup for the Soul Entertainment has finished its purchase of Redbox , winding up one of this year’s strangest meme-stock ep...
Redbox Is About to Be Acquired. The Stock Remains Crazily Overvalued.
Text size Redbox was hurt by a bet that theater releases of films would surge in a postpandemic world. Dreamstime The end is near for Redbox , and some investors are about to take a substantial hit as...
Apollo Launches $15 Billion Equity Fund for High Net-Worth Investors
(Bloomberg) — Apollo Global Management Inc. is launching an equity fund that allows high net-worth individuals to invest alongside the firm as the alternative-asset manager expands beyond its tr...
Buzz Aldrin’s Apollo 11 Jacket Goes For Record $2.8 Million
Topline The Apollo 11 spaceflight jacket worn by Buzz Aldrin, the second man to walk on the moon and the only surviving crew member of the historic 1969 mission, exceeded expectations when it sold for...
JPMorgan’s crypto veteran Christine Moy joins investment firm Apollo
Apollo Global Management, one of the world’s largest investment and private equity firms with over $450 billion in total assets, has hired Christine Moy, a former crypto executive at JPMorgan, a...
China’s Beijing city loosens robotaxi rules for Baidu Apollo Go, Pony.ai
Chinese tech companies Baidu’s Apollo Go and Pony.ai announced Thursday they received permission from Beijing city authorities to remove the safety driver for part of their robotaxi business in ...
Is Apollo Management considering a bid for Twitter?
Apollo Global Management Inc. (NYSE: APO) is pondering the possibility of bidding for Twitter Inc. (NYSE: TWTR) following Tesla CEO Elon Musk’s $43 billion offer to acquire the social media company. A...
Apollo Reportedly In Race To Take Over Twitter
Investors remain skeptical regarding Elon Musk to assemble a fund required to acquire the social media platform. Elon Musk, the wealthiest individual on the globe, put a bid of $40 billion the previou...