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Apollo Global Management, Inc. - APO STOCK NEWS

Welcome to our dedicated page for Apollo Global Management news (Ticker: APO), a resource for investors and traders seeking the latest updates and insights on Apollo Global Management stock.

Apollo Global Management, Inc. (NYSE: APO) is a premier alternative investment manager that specializes in private equity, credit, and real estate, with expertise in distressed asset situations. Founded in 1990, Apollo is known for its contrarian, value-oriented investment approach. The company operates across various sectors including chemicals, manufacturing, natural resources, consumer services, financial services, leisure, media, and technology.

As of December 31, 2023, Apollo managed approximately $651 billion in assets. The firm generates the majority of its revenue from its Retirement Services segment through Athene, a leading provider of retirement savings products. Apollo's integrated business model sets it apart, enabling seamless capital deployment across a diverse portfolio.

Recently, Apollo has made significant strides in renewable energy investments. For example, Great Bay Renewables, a joint venture with Apollo funds, entered into a $10.1 million facility with Hexagon Energy to support solar development projects totaling 1,500 MWac in the MISO interconnection queue.

Apollo has also expanded its international footprint through strategic acquisitions and partnerships. The firm recently acquired a majority stake in Panasonic Automotive Systems Corporation, aiming to accelerate growth in the advanced automotive solutions sector. Additionally, Apollo formed a partnership with MassMutual, making MassMutual a minority equity owner in ATLAS SP Partners.

Financially robust, Apollo continues to innovate in capital solutions, having secured transactions like its $1.85 billion acquisition of U.S. Silica Holdings, Inc. This move further diversifies Apollo's investment portfolio and fortifies its presence in the industrial minerals sector.

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Apollo Global Management (NYSE: APO) announced plans to release its third-quarter financial results on October 29, 2020, before market open. A conference call will follow at 10:00 a.m. ET to discuss these results, accessible via phone and webcast. As of June 30, 2020, Apollo managed approximately $414 billion in assets across various industries. The release also includes cautionary forward-looking statements regarding business performance amid uncertainties such as COVID-19 and market conditions.

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Intrado Corporation announced a virtual event, 911 Live, taking place on October 6-7, 2020, focused on emerging technologies in public safety and emergency communications. The event features expert panels discussing Next Generation 911, artificial intelligence, and cloud operations. Participants include technology partners and government agencies. This initiative demonstrates Intrado's commitment to transforming public safety operations through data-driven solutions, aiming to enhance the 911 response continuum.

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Intrado Corporation has unveiled its Intrado Safety Shield™ solution, aimed at enhancing safety management in educational settings amidst the COVID-19 pandemic. This comprehensive platform integrates robust notification capabilities with data access for emergency responses. Schools implementing the solution can communicate critical information, monitor health protocols, and collaborate with first responders effectively. With over 63,000 schools relying on Intrado's products, the Safety Shield is positioned as a vital tool for crisis management and enhancing community safety.

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Apollo Global Management has announced the formation of its new Apollo Impact platform, aimed at impact investing. Marc Becker and Joanna Reiss will serve as Co-leads, with Lisa Hall as Chair. The platform intends to focus on areas aligned with the UN's sustainable development goals, including Economic Opportunity and Resource Sustainability. Apollo aims to leverage its 30-year investment history to make a measurable societal impact while ensuring strong financial returns. The leadership team combines extensive experience in private equity and impact investment.

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Intrado Corporation has acquired significantly all assets of Syn-Apps LLC, a leader in IoT and mass notification software. This acquisition aims to enhance Intrado's integration capabilities in public safety, leveraging Syn-Apps' technology to improve situational awareness for first responders and optimize resource allocation. The move supports Intrado's strategic goal of building an intelligent 911 platform by enhancing emergency response processes. The acquisition may also expand the addressable market for Intrado's Life & Safety division, incorporating solutions into educational environments.

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Apollo Global Management (NYSE: APO) announced that Scott Kleinman and Martin Kelly will present at the Barclays Global Financial Services Conference on September 14, 2020, at 3:30 PM ET. The event will be webcast live, with a replay available shortly after on Apollo's website. As of June 30, 2020, Apollo managed approximately $414 billion in assets, spanning credit, private equity, and real estate across nine key industries. For further details, visit their website at Apollo.com.

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Intrado's Health Advocate has launched the Return Navigator solution to assist employers in workplace reopening strategies post-COVID-19. This solution combines three elements: the COVID-19 Navigator for personalized assistance, the Return Pass mobile app for health status self-attestation, and the COVID-19 Dashboard for data visualization of COVID-19 impacts. The tools aim to enhance employee safety and support informed decision-making for organizations planning their return-to-work strategies.

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Apollo Global Management (NYSE: APO) has announced a significant investment of up to $265 million in US Wind Inc., an offshore wind energy developer. This structured investment will involve convertible debt and equity to acquire an equity stake and support the development of a major wind project off Maryland's coast, expected to generate 1.3 GW of renewable energy. The project will power over 75,000 homes and is projected to begin operations in early 2024, creating thousands of jobs. Apollo's investment underscores its commitment to renewable energy and sustainability.

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Intrado Corporation has acquired Junction Networks, operating as OnSIP, enhancing its position in the Unified Communications as a Service (UCaaS) market for small and mid-sized businesses. This acquisition will integrate OnSIP's cloud-based calling solutions, allowing Intrado to provide a comprehensive suite of communication tools, including collaboration and messaging. The acquisition aims to enhance offerings for SMB clients and solidify Intrado’s market presence, driven by increased demand for flexible telecommunication solutions.

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FAQ

What is the current stock price of Apollo Global Management (APO)?

The current stock price of Apollo Global Management (APO) is $167.56 as of November 22, 2024.

What is the market cap of Apollo Global Management (APO)?

The market cap of Apollo Global Management (APO) is approximately 95.5B.

What does Apollo Global Management do?

Apollo Global Management specializes in managing investments in private equity, credit, and real estate. They also manage retirement services through Athene.

How much in assets does Apollo Global Management manage?

As of December 31, 2023, Apollo manages approximately $651 billion in assets.

What sectors does Apollo Global Management invest in?

Apollo invests in various sectors including chemicals, manufacturing, natural resources, consumer services, financial services, leisure, media, and technology.

What recent partnerships has Apollo Global Management formed?

Apollo recently partnered with MassMutual, making it a minority equity owner in ATLAS SP Partners. They also entered into a strategic acquisition with Panasonic Automotive Systems Corporation.

What is a significant recent investment by Apollo Global Management?

Apollo recently acquired U.S. Silica Holdings, Inc. for $1.85 billion, further diversifying its investment portfolio.

What is Apollo Global Management's investment philosophy?

Apollo employs a contrarian, value-oriented investment approach with significant expertise in distressed assets.

What is the primary revenue segment for Apollo Global Management?

The majority of Apollo's revenue comes from its Retirement Services segment through Athene.

How does Apollo Global Management support renewable energy?

Apollo has invested in renewable energy projects, such as Great Bay Renewables’ $10.1 million facility with Hexagon Energy for solar developments.

What distinguishes Apollo Global Management from other investment managers?

Apollo's integrated business model allows for seamless capital deployment across a diverse portfolio, setting it apart from other investment managers.

How does Apollo Global Management maintain financial strength?

Apollo maintains financial strength through strategic acquisitions, partnerships, and a focus on innovative capital solutions.

Apollo Global Management, Inc.

NYSE:APO

APO Rankings

APO Stock Data

95.51B
413.52M
26.75%
62.06%
4.83%
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