I can’t find information on how Apollo Group runs it’s PE portfolio. I assume they will eliminate costs and merge businesses where it makes sense. The press release mentions brick and mortar opportunities but Apollo doesn’t own major brands outside of Sprouts and GNC. It sounds like another miss for Yahoo again.
I believe Apollo has a big stake in several casinos. Yahoo’s sports/fantasy data is probably their most valuable & viable site. The regulatory environment surrounding online gambling, sports gambling, and daily fantasy gambling in particular has been changing rapidly and, despite being well situated from a technology standpoint, Yahoo hasn’t made much of an effort to capitalize on it. I’m guessing Apollo plans to find a way for the Yahoo sports data to work with their casinos to get on the legalized gambling gravy train.
