Apollo Global Management Expands Gaming Footprint
In a significant move, Apollo Global Management Inc has finalized the acquisition of International Game Technology’s Gaming & Digital Business and Everi Holdings, creating a combined entity that will operate under the IGT brand. This strategic partnership is expected to bolster the company’s presence in the gaming and digital sectors, positioning Apollo Global Management for long-term growth and success.
The acquisition marks a significant milestone for Apollo Global Management, as it seeks to expand its reach in the gaming industry. By combining forces with IGT’s Gaming & Digital Business and Everi Holdings, the company is well-positioned to capitalize on emerging trends and opportunities in the sector.
Meanwhile, Utsav Baijal, a seasoned partner and India head of private equity at Apollo Global Management, has announced his departure after 17 years with the company. Baijal is set to join rival Bain Capital India in a key leadership role, bringing his expertise and experience to a new chapter in his career.
The company’s stock price has seen fluctuations in recent times, with a recent close price of 141.87. While this is lower than the company’s 52-week high, it remains higher than its 52-week low. As the company continues to navigate the ever-changing landscape of the gaming and digital sectors, investors will be closely watching its progress and performance.
Key Takeaways:
- Apollo Global Management has completed the acquisition of IGT’s Gaming & Digital Business and Everi Holdings
- The combined entity will operate under the IGT brand
- Utsav Baijal, a partner and India head of private equity at Apollo Global Management, has stepped down after 17 years
- Baijal is set to join Bain Capital India in a key leadership role
- The company’s stock price has seen fluctuations, with a recent close price of 141.87