Market Chatter: Blackstone, Apollo Unit in Talks to Join NFL's Approved Private Equity List

MT Newswires Live10-22 00:57

Blackstone (BX) and a unit of Apollo Global Management (APO) are in preliminary talks with the National Football League to join the list of approved private equity firms that can acquire minority stakes in teams, Bloomberg reported Wednesday, citing people familiar with the matter.

Both companies would likely need to reach a deal with a team before completing the approval process, and clearance isn't expected until next year, the report said.

Blackstone and Apollo did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 110.36, Change: +0.02, Percent Change: +0.02

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment