Apollo Global Rises on Yankees Deal, Webtoon Falls, Bending Spoons Gains
Today's biggest winners and losers in the stock market. On this episode of Stock Movers: Apollo Global (APO) shares are rallying on word that it's providing $2.6 billion of financing to the owners of the New York Yankees, the private capital giant’s largest investment to date in US sports. The deal between the Major League Baseball franchise and Apollo’s sports investment arm consists of debt and equity, according to a statement Tuesday that confirmed previous Bloomberg News reporting. Proceeds will be used to support the growth of the franchise and refinance existing debt…
The skinny
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