Apollo Global Management Inc
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Financials : Capital Markets | Mid Cap Value
Company profile

Apollo Global Management, Inc. (Apollo), formerly Apollo Global Management, LLC, is an alternative investment manager in private equity, credit and real estate. The Company raises, invests and manages funds on behalf of pension, endowment and sovereign wealth funds, as well as other institutional and individual investors. The Company's segments include private equity, credit and real estate. The private equity segment invests in control equity and related debt instruments, convertible securities and distressed debt investments. The credit segment invests in non-control corporate and structured debt instruments, including performing, stressed and distressed investments across the capital structure. The real estate segment invests in real estate equity for the acquisition and recapitalization of real estate assets, portfolios, platforms and operating companies, and real estate debt, including first mortgage and mezzanine loans, preferred equity and commercial mortgage backed securities.

Closing Price
Day's Change
-0.14 (-0.29%)
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'Halo Infinite' delayed, will not debut with new Xbox; Microsoft stock slips

3:24 pm ET August 11, 2020 (MarketWatch)

One of the most highly anticipated videogames of the year, "Halo Infinite," will be delayed into 2021, which means it will not be available when Microsoft Corp. (MSFT) launches its new Xbox gaming console later this year. "Halo" has been a defining videogame series for the Xbox line of consoles, with Microsoft acquiring the original developer, Bungie, to have the first "Halo" as an exclusive launch game for the original Xbox. Microsoft expected to keep that tradition alive by launching the sixth game in the "Halo" series this fall as it releases the new Xbox Series X, but current developer 343 Industries said Tuesday on Twitter (https://twitter.com/Halo/status/1293261002037841920) that the game will be pushed to 2021. "The decision to shift our release is the result of multiple factors that have contributed to development challenges, including the ongoing COVID-related impacts," the statement reads. " ... It is not sustainable for the well-being of our team or the overall success of the game to ship it this holiday." Microsoft stock declined immediately after the announcement was made at 3 p.m. Eastern time Tuesday; shares were trading for $206.67 at that time, and slipped to less than $204.50 in the next 20 minutes.

-Jeremy C. Owens; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 11, 2020 15:24 ET (19:24 GMT)

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