A U.S. security review made AppLovin America’s hot stock — and its founders rich
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 21 2025
0mins
Source: MarketWatch
AppLovin Sale Attempt: In 2016, Adam Foroughi sought to sell a majority stake in his mobile-advertising company AppLovin to China's Orient Hontai Capital for $1.4 billion after building the company with minimal initial investment.
Government Intervention: The sale was halted by the Committee on Foreign Investment in the U.S. (CFIUS) in 2017 due to national-security concerns.
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Analyst Views on APO
Wall Street analysts forecast APO stock price to rise
13 Analyst Rating
12 Buy
1 Hold
0 Sell
Strong Buy
Current: 125.370
Low
136.00
Averages
162.77
High
186.00
Current: 125.370
Low
136.00
Averages
162.77
High
186.00
About APO
Apollo Global Management, Inc. is a global alternative asset manager and a retirement services provider. It operates through three segments: Asset Management, Retirement Services and Principal Investing. The Asset Management segment focuses on three investing strategies: yield, hybrid, and equity. These strategies reflect the range of investment capabilities across its platform based on relative risk and return. The Retirement Services business is conducted by Athene Holding Ltd (Athene), a financial services company that specializes in issuing, reinsuring, and acquiring retirement savings products designed for the increasing number of individuals and institutions seeking to fund retirement needs. Athene product lines include annuities and funding agreements. The Principal Investing segment includes realized performance fee income, realized investment income from its balance sheet investments, and certain allocable expenses related to corporate functions supporting the entire company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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