General Electric

Apollo looks to lead private equity in 2019

Illustration: Sarah Grillo/Axios

Apollo Global Management is positioning itself to dominate the early 2019 private equity market, with others watching closely to see if it can get big deals over the finish line.

The big picture: It's prepping an offer to buy GE's aircraft leasing business, which could be valued at upwards of $40 billion, per Reuters. It remains in talks to buy aluminum parts giant Arconic for around $11 billion, following that company's bitter battle with activist investor Elliott, which is now working with Apollo.

The future of conglomerates is in the cloud

Illustration of measuring tape wrapped around a briefcase
Illustration: Rebecca Zisser/Axios

United Technologies is breaking up. General Electric is a shadow of its former self. The great conglomerates of the past, names like ITT and Gulf + Western and Hanson Trust, are dim memories at best.

The bottom line: Maybe the big cloud providers — Amazon, Microsoft, IBM, Oracle — are in some way the new conglomerates. They don't own the companies they power, but they deliver impressive and valuable synergies all the same.

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