Apollo Global Management is expanding into the live-events sector with a dual acquisition strategy that will see it take control of Emerald Holding and Questex, with plans to merge the two business-to-business events operators into a single platform, according to a report by the Wall Street Journal.
Under the agreement, Apollo will acquire publicly listed Emerald Holding in an all-cash transaction valuing the company at approximately $1 billion, with shareholders set to receive $5.03 per share....
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