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Apollo Global Management stock price
Apollo Global Management latest news:
Tribune Media sells majority ownership stake in CareerBuilder
Tribune Media Company said late Monday it has sold the majority of its ownership stake in the CareerBuilder website, as other owner Tegna Inc. completed the site's sale to a group led by investment funds managed by affiliates of Apollo Global Management and the Ontario Teachers' Pension Plan Board. Tribune Media will receive about $158 million in cash as a participant in the sale and will retain an approximate 7% ownership stake in CareerBuilder. Shares of Tribune Media were flat in late trading and ended the regular session down 0.2%. In a separate statement Monday, Tegna announced the sale had been completed. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Nordstrom family members in talks with private equity partners including KKR to go private: Reuters
Nordstrom Inc. family members are in talks with private equity partners including KKR & Co., Apollo Global Management and Leonard Green & Partners to take the luxury department store private, according to a Reuters report. The Nordstrom family has agreed to offer preferential terms to these potential partners, Reuters wrote. Nordstrom has also approached sovereign wealth funds, public pension funds and others in an effort to raise about $1 billion. Nordstrom operates 354 stores, including 221 Nordstrom Rack off-price locations, and 122 full-line stores in the U.S., Puerto Rico and Canada. Nordstrom shares are up 3% in late Thursday trading and up nearly 3% for the year so far. The S&P 500 index is up 10.2% for 2017 to date, and the SPDR S&P Retail ETF is down 6.3% for the period.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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