Apollo Global Leads Bids on Aviva, News Corp Wants YES: Merger and Acquisition Review

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The buyout company Apollo Global Management (NASDAQ:APO) leads the other bidders in the potential acquisition of Aviva’s (NYSE:AV) domestic life insurance and annuities division, as it positions to top the offer of Harbinger Group (NYSE:HRG), according to sources who would know, who said that Apollo is pushing a joint bid with Guggenheim Partners LLC. Aviva Chief Financial Officer Pat Regan remarked last week that such a deal would transpire at a “substantial discount” to the unit’s book value, excluding debt, of £2.4 billion, or $3.8 billion.

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News Corporation (NASDAQ:NWS) is said to be nearing an agreement to acquire a minority interest in the New Regional network YES, which is a broadcaster of sports, say persons who are acquainted with the talks involved, who added that an announcement could come in the next few days.

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