Page 36 - Apollo Management News Today : Breaking News, Live Updates & Top Stories | Vimarsana

IN THIS ISSUE Federal Reserve Hints at Government-Backed Cryptocurrency; Third Circuit Affirms Dismissal of Securities Fraud Class Action Against Shutterfly Inc. Regarding Allegedly Misleading Financial Projections; Ninth Circuit Holds Federal Loss Causation Standard Not Met in Investor’s State Law Securities Action Against Uber; Taking Judicial Notice of SEC Cease and Desist Order, District of Maryland Denies Under Armour’s Bid to Dismiss Investor Securities Suit. ___ FEDERAL RESERVE HINTS AT GOVERNMENT-BACKED CRYPTOCURRENCY On May 24, 2021, Lael Brainard, a member of the Board of Govern...

* Bid higher than offers by Entain and Apollo * BetMakers shares tank as much as 17% May 28 (Reuters) - Australia's BetMakers Technology Group Ltd on Friday intensified a three-way bidding war for Tabcorp Holdings Ltd's wagering and media business, offering A$4 billion ($3.1 billion) for the struggling division. The BetMakers proposal dwarfs separate A$3.5 billion offers by British sports betting firm Entain and U.S.-based investment manager Apollo Management for the Tabcorp unit hit hard by the halt to sporting events and closure of betting shops due to the pandemic. Tabcorp shares gained as...

The BetMakers proposal dwarfs separate offers by British sports betting firm Entain and US-based Apollo Management for the Tabcorp unit.

* Bid higher than offers by Entain and Apollo * BetMakers shares tank as much as 17% (Adds background on the offers, analyst comments) May 28 (Reuters) - Australia’s BetMakers Technology Group Ltd on Friday intensified a three-way bidding war for Tabcorp Holdings Ltd’s wagering and media business, offering A$4 billion ($3.1 billion) for the struggling division. The BetMakers proposal dwarfs separate A$3.5 billion offers by British sports betting firm Entain and U.S.-based investment manager Apollo Management for the Tabcorp unit hit hard by the halt to sporting events and closure of betti...

AT&T confirms deal to combine its WarnerMedia subsidiary with Discovery Inc in ‘pure play’ $43B deal Another major telco in the US is making a big move away from being a full player in media services, and specifically content creation. Today AT&T said that it is combining its WarnerMedia division with Discovery Inc. The deal is being structured as a “Reverse Morris Trust” transaction that will give AT&T $43 billion in a combination of cash, debt securities, and WarnerMedia’s retention of certain debt. The deal will see AT&T shareholders receive stock representing 71% of the new comp...