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Paramount stock jumped as much as 15% on Friday following media reports that private equity firm Apollo Global Management is in discussions to acquire the media company through a joint buyout bid ...
That came after the stock popped nearly 12% following the Wall Street Journal’s report that Apollo had made an $11 billion offer to acquire Paramount Pictures and the Paramount TV studios group.
Apollo Global is a joint venture between the Apollo Group and the Carlyle Group. The two partners invested $1 billion in Apollo Global. The Apollo Group invested roughly $801 million and owns 80.1% of the new company. Carlyle invested $199 million and controls the remaining shares. Apollo Global replaced Apollo International. [25] [26]
Apollo Global Management, Inc. is an American asset management firm that primarily invests in alternative assets. [2] [3] [1] As of 2022, the company had $548 billion of assets under management, including $392 billion invested in credit, including mezzanine capital, hedge funds, non-performing loans, and collateralized loan obligations, $99 billion invested in private equity, and $46.2 billion ...
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In October 2017, West was purchased by Apollo Global Management, a New York-based private equity firm, for $5.2 billion. [1] On August 31, 2018 West Corporation laid off 148 employees between their Middleton, WI and Green Bay, WI location after losing a major contract. [11] On June 25, 2019 West Corporation rebranded itself to Intrado. [12]
TPG Inc. TPG Inc., previously known as Texas Pacific Group and TPG Capital, [3] is an American private equity firm based in Fort Worth, Texas. [2] TPG manages investment funds in growth capital, venture capital, public equity, and debt investments. The firm invests in a range of industries including consumer/retail, media and telecommunications ...
Todd Spangler. March 21, 2024 at 12:50 PM. Apollo Global Management, a major private-equity firm, has submitted an $11 billion bid to acquire Paramount Pictures and the Paramount TV studios group ...