What Is Apollo Global Management (APO) Signaling With $49 Billion And $2.6 Billion Bets?

Apollo Global Management (NYSE:APO) is leading a US$49b debt package for the planned Paramount, Skydance and Warner Bros. Discovery merger. The firm is close to a US$2.6b investment for a major equity stake in the New York Yankees, expanding into sports assets. Credit exposure tied to the collapse of Market Financial Solutions is emerging, raising questions over how those loans were structured. The Paramount merger financing, Yankees deal and Market Financial Solutions exposure sit within a...