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Latest Worldline Stock News | OTC:WWLNF | Benzinga

Worldline is a payment service provider offering merchant acquiring, payment processing, and payment infrastructure solutions to merchants and banks.

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Apollo Global Management Inc (NYSE: APO) is close to acquiring the point-of-sale terminal business of European payments company Worldline SA (OTC: WRDLY) (OTC: 

Apollo Global Management Nears Acquisition Of Worldline; Cuts Quarterly Dividend After Q4 Consensus Miss

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Worldline SA

Worldline

Apollo Global Management Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) is close to acquiring the point-of-sale terminal business of European payments company&nbsp;Worldline SA&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/WRDLY#OTC">WRDLY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/WWLNF#OTC">WWLNF</a>) for close to $2.3 billion,&nbsp;<a class="editor-rtfLink" href="https://www.wsj.com/articles/apollo-nears-2-3-billion-deal-for-worldlines-terminal-business-11644578526?mod=tech_lead_pos3" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">the Wall Street Journal reports</a>.

<ul>
	<li>Apollo would acquire hardware that allows consumers to purchase their mobile phones and payment cards.</li>
	<li>The pandemic has accelerated the adoption of digital payments over cash among both consumers and businesses.</li>
	<li>Apollo&#39;s&nbsp;<a class="editor-rtfLink" href="https://www.apollo.com/stockholders/apollo-global-management-inc/overview" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">fourth-quarter FY21</a>&nbsp;revenue grew 43% year-on-year to $1.024 billion, missing the consensus of $1.150 billion.</li>
	<li>The earnings from its Credit segment rose 33% Y/Y, and its Private Equity business jumped 76% Y/Y.</li>
	<li>Management fees of $519.1 million increased from $446.8 million in the year-ago quarter.</li>
	<li>Total investment income of $573.8 million fell from $768.2 million.</li>
	<li>Credit segment distributable earnings rose 33% Y/Y to $302.5 million.</li>
	<li>Private Equity segment distributable earnings grew 76% Y/Y to $144.4 million.</li>
	<li>Real Assets segment distributable earnings increased 15% Y/Y to $38.3 million.</li>
	<li>Total assets under management were $497.6 billion.</li>
	<li>Distributable EPS of $1.05 missed the consensus of $1.10.</li>
	<li>Apollo declared a cash dividend of $0.40 per share, down 33% versus a year back.</li>
	<li>Price Action:&nbsp;APO shares traded lower by 5.21% at $66.04 on the last check Friday.</li>
</ul>

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Latest Worldline Stock News | OTC:WWLNF | Benzinga

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