Twitter LinkedIn
    Friday, February 3
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Mergers & Acquisitions»Apollo Mulls Merging Yahoo Sports With Betting Firms, Including PointsBet, to create +$1bn gambling giant
    Mergers & Acquisitions

    Apollo Mulls Merging Yahoo Sports With Betting Firms, Including PointsBet, to create +$1bn gambling giant

    March 4, 20221 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    FILE PHOTO: Marc Rowan, co-founder and then-senior managing director, Apollo Global Management, takes part in a panel discussion Beverly Hills, California April 29, 2014. REUTERS/Kevork Djansezian/File Photo
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Apollo Global Management is reportedly contemplating merging Yahoo Sports with a sports betting company. The US private equity firm bought Yahoo as part of a $5bn deal with Verizon last year.

    CNBC reported on Wednesday that Apollo is holding preliminary discussions with numerous betting companies, including Australia-based PointsBet. Sources remained anonymous due to the nature of the private discussions. They stated that the talks are at an early stage, with no deal imminent.

    Apollo already has numerous other gambling-related interests. Just last month, it closed its acquisition of the Venetian Resort Las Vegas and the Venetian Expo in a deal worth $2.25bn. Apollo has also purchased Great Canadian Gaming for $1.96bn and Italian gaming operator Gamenet for about $1.2bn over the past couple of years.

    The company has also pursued acquisitions with less success. Apollo made an unsuccessful $2.92bn bid for various aspects of Australian gambling giant Tabcorp’s business last year, as well as failing to take over the non-US assets of William Hill despite making a bid in September 2020.

    Read more: VSO

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    deals and transactions Mergers and acquisitions PE Insider Private Equity
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Euroclear moves into $9.8 trillion private asset market with Goji buy

    December 21, 2022

    CAI raises over $1B for inaugural fund and co-investment programme

    November 18, 2022

    KKR looking to sell Canadian gas producer Westbrick for $1.13B

    November 18, 2022

    Carlyle targeting $1.6B for second renewables fund

    November 18, 2022

    Comments are closed.

    Other Articles

    FIVB partners with CVC Capital Partners to drive global growth of volleyball

    February 2, 2021

    Blackstone holds USD5.6bn final close of second GP stakes fund

    November 26, 2021

    SWEN Capital Partners holds interim closing of SIMS 4 fund

    March 5, 2021

    Plexus Capital Raises More Than $200 Million for Inaugural Buyout Equity Fund

    May 9, 2022

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2023 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.


    Lost password?