Partners Sony and Apollo have formally reached out to Paramount‘s special board committee asking to discuss a potential $26 billion offer, Deadline has learned. It comes as Par’s exclusive negotiating window with David Ellison‘s Skydance is set to expire. Paramount share jumped 12% on the news. Investors would vastly prefer a Sony/Apollo acquisition to a Skydance deal as it currently configured, even after Skydance made a revised offer, that was said to be its best and last, last week. Sony and Apollo’s o ...

Sony and Apollo Global Management are reportedly bidding big for Paramount.Advertisement Sony and the private equity firm teamed up for an all-cash offer of $26 billion for Paramount Global, The Wall Street Journal reported on Thursday.The bid was officially sent on Wednesday, the Journal reported, based on anonymous sources. Sony and Apollo's offer was nonbinding, according to the Journal.Skydance Media and its largest private-equity backer RedBird Capital Partners have also been trying to win over Paramo ...

Apollo Global Management, Inc. (NYSE:APO) Q1 2024 Earnings Conference Call May 2, 2024 8:30 AM ET Company Participants Noah Gunn - Global Head, Investor Relations Marc Rowan - Chief Executive Officer Jim Zelter - Co-President Martin Kelly - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore Alex Blostein - Goldman Sachs Brennan Hawken - UBS Bill Katz - TD Cowen Ben Budish - Barclays Patrick Davitt - Autonomous Research Michael Cyprys - Morgan Stanley Alex Bernstein - JPMorgan Chase ...

For the quarter ended March 2024, Apollo Global Management Inc. (APO) reported revenue of $839 million, up 13.1% over the same period last year. EPS came in at $1.72, compared to $1.42 in the year-ago quarter.The reported revenue represents a surprise of +1.41% over the Zacks Consensus Estimate of $827.33 million. With the consensus EPS estimate being $1.81, the EPS surprise was -4.97%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to ...

Apollo Global Management, Inc. First Quarter 2024 Earnings 1Q'24 Per Share LTM 1Q'24 Per Share GAAP Financial Measures ($ in millions, except per share amounts) Net Income Attributable to Apollo Global Management, Inc. Common Stockholders $1,403 $2.31 Segment and Non-GAAP Financial Measures ($ in millions, except per share amounts) Fee Related Earnings (“FRE”) $462 $0.75 $1,833 $3.00 Spread Related Earnings (“SRE”) $817 $1.32 $3,237 $5.30 Fee and Spread Related Earnings $1,279 $2.07 $5,070 $8.30 Principal I ...

NEW YORK, May 02, 2024 (GLOBE NEWSWIRE) -- Apollo Global Management, Inc. (NYSE:APO) (together with its consolidated subsidiaries, "Apollo") today reported results for the first quarter ended March 31, 2024. Marc Rowan, Chief Executive Officer at Apollo said, "Our solid FRE and SRE results in the first quarter were on-trend with normalized growth rates for the business. Capital formation and origination activity in the quarter were robust, with inflows and debt origination volume each totaling $40 billion. ...

AleksandarNakic/E+ via Getty Images Co-authored with Hidden Opportunities. The news often highlights sensational success stories, such as large investment wins and billion-dollar successes, captivating audiences with their allure. However, this focus can create a skewed perception of reality, overshadowing the challenges, failures, and diverse experiences in the business world. Amidst market volatility, many investors, enticed by the allure of quick gains or fearful of losing it all, sell their investme ...

Skydance and Paramount are deep into hashing out a complicated deal that would see the David Ellison’s studio and its backers take control of the storied film and television company owned by Shari Redstone. The exclusive month-long negotiating period through May 3 is likely to be extended perhaps by a few weeks, Deadline hears, given the complexity of the transaction. The rough contours of a Skydance deal would see a circa $2 billion payout to Redstone for a majority stake in family holding NAI (which cont ...

NEW YORK, April 24, 2024 (GLOBE NEWSWIRE) -- Apollo (NYSE:APO) and MassMutual today announced that MassMutual has become a minority equity owner in ATLAS SP Partners (ATLAS) and a capital partner to the ATLAS platform. ATLAS is the warehouse finance and securitized products business majority owned by Apollo funds. As part of the multi-billion-dollar commitment, MassMutual has also agreed to invest in Apollo's Asset-Backed Finance (ABF) franchise. These investments will allow MassMutual to access predominate ...

Paramount Global shares jumped 13% Friday as investors cheered news that Sony Pictures Entertainment is talking with Apollo Global Management about joining Apollo’s bid for Paramount. The beleaguered stock ended the day at $12.44 after registering more than twice its normal trading volume. Shares reached their highest point since February, offering fresh evidence that many investors appear to be gravitating toward the Apollo/Sony scenario, largely for structural reasons. Importantly, even if the two entiti ...