Tag Archives: Apollo

Apollo Global Management is thinking about taking part in a bid for Twitter, a Wall Street Journal report said Monday (April 18). This comes after the $43 billion bid from Elon Musk, the current richest man in the world and the CEO of Tesla. Twitter, despite being a popular platform, has had issues trying to grow, the report said. Apollo is one of the biggest buyout firms in the world. It has held discussions already about backing a potential deal for Twitter. That could give Musk or someone… Source link

Twitter Inc. TWTR, +7.48% is expected to turn down Tesla Inc. TSLA, +1.96% Chief Executive Elon Musk’s offer for the social-networking company, and private-equity powerhouse Apollo Global Management Inc. APO, -1.27% is considering whether to join in a bid, according to a Monday afternoon report. The Wall Street Journal reported after U.S. markets closed that leaders of Apollo, which owns the remnants of… Source link

AHL’s San Diego Gulls to Debut Facial Ticketing and Concession Payments By Andrew Cohen April 20, 2022 The American Hockey League’s San Diego Gulls will debut facial recognition ticket admission and concession payments for tonight’s game against the Abbotsford Canucks at Pechanga Arena in San Diego. The deployment is the first of its kind through a partnership between facial verification company PopID and ASM Global, which operates more than 300 sports and entertainment… Source link

James Maloney of the Panthers looks on during the round 6 NRL rugby league match between the Sharks and the Panthers at PointsBet Stadium on April 18, 2019 in Sydney, Australia. Jason McCawley | Getty Images Apollo Global Management, the private equity firm that acquired Yahoo from Verizon for $5 billion last year, is having preliminary discussions with sports betting companies to merge their assets with Yahoo Sports, according to people familiar with the matter. One of the companies Yahoo has… Source link

Apollo Global Management Inc. is naming Tinder Chief Executive Jim Lanzone the new CEO of Yahoo, the digital-media business it acquired from Verizon Communications Inc. earlier this year, according to people familiar with the matter. Mr. Lanzone will succeed Guru Gowrappan, the former Verizon executive who has overseen Yahoo since 2018 and continued running the company after Apollo agreed to purchase it for about $5 billion. Mr. Gowrappan will become a senior adviser… Source link

The former Verizon Digital Media Services unit, including its serverless and Content Delivery Network (CDN) services, has rebranded as Edgecast as Apollo Global completes its acquisition of Yahoo!/Verizon Media. Edgecast offers Edge Computing, CDN, and streaming delivery services, as well as a Functions-as-a-Service (FaaS, also known as serverless computing) offering called [email protected] Verizon acquired Yahoo! In 2017 and merged it with its Verizon Digital Media Services business… Source link

Private equity firm Apollo Global Management this morning announced that it has completed its acquisition of Yahoo (formerly known as Verizon Media Group, itself formerly known as Oath) from Verizon. The deal is worth $5 billion, with $4.25 billion in cash, plus preferred interests of $750 million. Verizon will be retaining 10% of the newly rebranded company. “This is a new era for Yahoo,” Yahoo CEO (and former VZM head) Guru Gowrappan said in a release tied to the news. “The… Source link

Private equity firm Apollo Global Management this morning announced that it has completed its acquisition of Yahoo (formerly known as Verizon Media Group, itself formerly known as Oath) from Verizon. The deal is worth $5 billion, with $4.25 billion in cash, plus preferred interests of $750 million. Verizon will be retaining 10% of the newly rebranded company. “This is a new era for Yahoo,” Yahoo CEO (and former VZM head) Guru Gowrappan said in a release tied to the news. “The close of… Source link

In this photo illustration, a Verizon Media logo seen displayed on a smartphone. Igor Golovniov | SOPA Images | LightRocket | Getty Images Apollo Global Management is preparing to close its $5 billion acquisition of Verizon Media on Sept. 1, and the private equity firm is already causing consternation among existing executives at the company soon to be known as Yahoo. Apollo hasn’t informed Verizon Media leadership, including Chief Executive Guru Gowrappan, of their new roles at the company… Source link

Apollo is eyeing leadership changes at Yahoo as it prepares to take over the media company. Former Hearst magazines head Troy Young has been among those advising Apollo, fueling speculation he could be tapped for a leadership role there. Apollo is expected to try to turn around the company by investing in editorial, subscriptions, and commerce. As Apollo Global… Source link