Apollo Global Management Archives - CFO

Verizon Sells Yahoo, AOL to Apollo for $5B

Verizon Sells Yahoo, AOL to Apollo for $5B

The deal marks the end of Verizon's effort to provide a digital media alternative to tech behemoths Google, Facebook, and Amazon.

By Matthew Heller | May 3, 2021

Greensill Capital Files for Insolvency

Credit & Capital

Greensill Capital Files for Insolvency

The supply-chain lender's filing follows the decision of Swiss funds that had invested in its securities to withdraw their support.

By Matthew Heller | March 9, 2021

Rackspace Falls 20% After IPO

Rackspace Falls 20% After IPO

The company similarly flopped in its initial debut 12 years ago.

By Lauren Muskett | August 6, 2020

Apollo Global to Buy Shutterfly for $2.7B

Apollo Global to Buy Shutterfly for $2.7B

The private equity firm is also buying Snapfish, and plans to merge the companies to create a bigger player in online-photo services.

By Lauren Muskett | June 11, 2019

Apollo Adds French Stores to Grocery Assets

Apollo Adds French Stores to Grocery Assets

The $529 million acquisition of 32 stores from Casino Group comes less than a week after the private-equity firm bought Smart & Final.

By Matthew Heller | April 23, 2019

ADT Fined Over Reporting Failures

Risk & Compliance

ADT Fined Over Reporting Failures

Security company ADT was hit with a $100,000 fine from the SEC over failure to report under GAAP when presenting its financial numbers.

By William Sprouse | December 27, 2018

Pay Ratio Disclosures Mislead Investors

Risk & Compliance

Pay Ratio Disclosures Mislead Investors

The first round of proxy statements after the new pay ratio rule took effect underscores inherent flaws in the rule.

By David McCann | March 14, 2018

ADT Shares Tumble on First Day of Trading

ADT Shares Tumble on First Day of Trading

The IPO priced below the original target range as the home security firm went public only two years after being taken private.

By Matthew Heller | January 19, 2018

Apollo Bets on Golf Revival With ClubCorp Buy

Apollo Bets on Golf Revival With ClubCorp Buy

The PE powerhouse will pay $1.1 billion for ClubCorp's golf, country, and sports clubs, which serve 430,000 members.

By Matthew Heller | July 10, 2017

Toshiba Nuclear Power Unit Files Chapter 11

Corporate Finance

Toshiba Nuclear Power Unit Files Chapter 11

Cost overruns at Westinghouse Electric power plants have contributed to Toshiba's financial woes, forcing a $6.3 billion writedown.

By Matthew Heller | March 29, 2017

Philips Takes Haircut on Sale of Lighting Unit

Philips Takes Haircut on Sale of Lighting Unit

The $1.5 billion deal with private equity firm Apollo is a 46% discount to a previous sale that was blocked by U.S. regulators.

By Matthew Heller | December 12, 2016

Apollo to Take Rackspace Private in $4.3B Deal

Apollo to Take Rackspace Private in $4.3B Deal

The acquisition by the PE firm may help Rackspace compete with the likes of Amazon and Google in the cloud computing services market.

By Matthew Heller | August 26, 2016

Apollo Global Management Charged with Misleading Investors

Apollo Global Management Charged with Misleading Investors

The private equity firm failed to properly disclose fees and conflicts of interest to limited partners in some funds, the SEC said.

By Vincent Ryan | August 23, 2016

Slew of Deals Announced

Mergers & Acquisitions

Slew of Deals Announced

It was an active Monday for acquisitions, with four large deals announced, including Verizon's $4.8 billion agreement to acquire Yahoo.

By Vincent Ryan | July 25, 2016

Apollo Global to Buy Timeshare Operator for $2B

Apollo Global to Buy Timeshare Operator for $2B

The private-equity firm's acquisition of Diamond Resorts adds to a hospitality portfolio that also includes Caesars Entertainment.

By Matthew Heller | June 29, 2016