Apollo Withdraws from D.F.M. Deal, John Paton Leaves

As of today Apollo Global Management won’t meet Digital First Media’s price. That price tag of $400 million (“What are they thinking? Apollo’s acquisition of Digital First Media”) had been wavering as Apollo did its continuing due diligence over the last two months. “We have concluded we are ...

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What Are They Thinking? Apollo’s Acquisition of Digital First Media

Apollo Global Management has almost won its two-horse race with Cerberus Capital Management to acquire Digital First Media’s 75 daily newspapers and more than 100 non-dailies, or as DFM likes to put it “800 multi-platform products reach 64 million Americans each month across 14 states.” The two ...

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