Air-freight company Atlas Air Worldwide Holdings Inc. is being taken private for nearly $3 billion by an investor group led by private equity giant Apollo Global Management Inc.. The agreement announced on Thursday offers $102.50 for each share of Atlas Air, a premium of 35 percent to the company’s closing price on Friday before media…
Verizon Sells Yahoo and AOL for $5 Billion
AOL and Yahoo are being sold again, this time to a private equity firm. Wireless company Verizon will sell Verizon Media, which consists of the once-pioneering tech platforms, to Apollo Global Management in a $5 billion deal. Verizon said Monday that it will keep a 10 percent stake in the new company, which will be…
Apollo Global to Buy Insurance Affiliate Athene for $11 Billion
Apollo Global Management Inc said on Monday it will merge with Athene Holding Ltd in an $11 billion all-stock deal, bringing in-house an annuities provider that helped turn it into one of the world’s largest corporate credit investors. Apollo has been getting paid lucrative fees by Athene, in which it controls a 35 percent stake,…
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