Apollo Global Mgmt Inc Stock Price, News & Analysis

Brightspeed announced plans to construct a fiber optics network in North Carolina, targeting over 300,000 new fiber passings across more than 30 counties by the end of 2023. The initiative is part of a broader $2 billion investment aimed at reaching up to 3 million homes and businesses over five years, including an additional 500,000 fiber passings. The project is linked to the acquisition of Lumen Technologies' assets by Apollo-managed funds, with expectations for regulatory approval in Q3 2022.

Apollo Global Management (NYSE: APO) announced that Co-President Jim Zelter will present at the Morgan Stanley US Financials, Payments & CRE Conference on June 14, 2022, at 1:00 pm ET. A live webcast of the event will be available on the Apollo website, with a replay accessible afterward. As of March 31, 2022, Apollo has around $513 billion in assets under management, focusing on providing clients with excess returns across various investment strategies, including yield, hybrid, and equity.

Intrado Corporation has launched its conversational AI solution, Mosaicx, on Google Cloud Marketplace. This technology offers advanced customer service capabilities by understanding conversational intent, unlike traditional systems that rely on menus. Mosaicx aims to enhance customer experience, reduce costs, and generate revenue through a Google Cloud-based framework. The solution combines a communication gateway, speech engine, and orchestration framework, enabling customers to interact naturally through voice or text. Mosaicx also supports outbound messaging for marketing and appointment reminders.

Apollo Global Management (NYSE: APO) invites the investment community to its Retirement Services Business Update on June 13, 2022, in New York City. The event will feature presentations from Apollo and Athene senior management, starting at 9:00 AM ET, followed by a Q&A session. A live webcast will be available on Apollo's website, with a replay accessible afterward. Interested parties can attend in-person by emailing IR@apollo.com.

Apollo manages approximately $513 billion in assets as of March 31, 2022.

Apollo Global Management (NYSE: APO) announced that Co-President Scott Kleinman will present at the Bernstein’s 38th Annual Strategic Decisions Conference on June 2, 2022, at 3:30 pm ET. A live webcast will be available, and a replay will follow the event. Apollo, a significant player in the alternative asset management sector, reported approximately $513 billion in assets under management as of March 31, 2022. The firm focuses on providing clients with excess returns across various investment strategies, including yield, hybrid, and equity.

Apollo has announced a strategic partnership with Sofinnova Partners, acquiring a minority stake and committing up to €1 billion in capital to enhance growth opportunities. This collaboration aims to bolster Sofinnova's investment capabilities in the life sciences sector, enabling access to Apollo's extensive global investment framework. Both firms intend to develop new therapeutic solutions and support the life sciences ecosystem, anticipating significant benefits for innovative startups. The deal is pending approval and expected to close in the second half of 2022.

During the Annual Meeting on May 11, 2022, United Bankshares elected two new directors, Diana Lewis Jackson and Lacy I. Rice, along with the new CEO, Richard M. Adams, to its board. Jackson is the founder and CEO of Action Facilities Management, while Rice is the co-founder of Federal Capital Partners. Both bring extensive leadership experience to the company. This board refreshment aims to enhance local leadership commitment and service excellence across United's operational footprint.

Cencosud, a leading South American retailer, has entered into a definitive agreement with Apollo Funds to acquire a 67% stake in The Fresh Market for $676 million, reflecting an enterprise valuation of $1.568 billion. This strategic move allows Cencosud to diversify its operations, gaining access to the U.S. market, which accounts for approximately 12% of pro forma revenues. The Fresh Market reported $1.933 billion in revenue and $196 million in adjusted EBITDA for 2021, with the investment aimed at strengthening its balance sheet and enhancing operational efficiencies.