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Apollo

All articles tagged with #apollo

Apollo Invests $1B for 49% Stake in Realty Income Net Lease JV
business22 days ago

Apollo Invests $1B for 49% Stake in Realty Income Net Lease JV

Apollo-managed funds will invest $1.0 billion for a 49% interest in a new joint venture that will own a diversified portfolio of approximately 500 single-tenant net-lease retail properties, with Realty Income continuing to manage; the deal supports Realty Income's private capital initiative and is expected to close March 31, 2026. The arrangement includes permanent equity treatment from Moody's and S&P and a call option to redeem Apollo after year 7, under predefined terms.

Apollo Missions Uncover the Moon's Explosive Volcanic Past and Tiny Orange Glass Beads
science9 months ago

Apollo Missions Uncover the Moon's Explosive Volcanic Past and Tiny Orange Glass Beads

Apollo astronauts discovered tiny orange glass beads on the Moon, which are ancient volcanic glass formed billions of years ago during eruptions. Recent technological advances have allowed scientists to analyze these beads in detail, revealing insights into the Moon's volcanic past and interior conditions, highlighting its once-active geological history.

Intel and Apollo Form $11B Joint Venture for Ireland Chip Plant
business1 year ago

Intel and Apollo Form $11B Joint Venture for Ireland Chip Plant

Intel and Apollo have agreed on an $11 billion investment deal where Apollo will acquire a 49% equity interest in a joint venture related to Intel's Fab 34 in Ireland. This move is part of Intel's Smart Capital strategy to enhance financial flexibility and support its global manufacturing operations. Intel will retain a 51% controlling interest and full operational control of Fab 34, which is crucial for producing advanced semiconductor technologies. The transaction is expected to close in the second quarter of 2024.