Apollo Supplements Foreign Ownership Request
Terrier Media parent Apollo Global Management will convert from a limited liability company to a corporation, said a filing posted in docket 19-196 Friday. It's intended to supplement AGM’s request for permission to be foreign owned, and included a request…
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to allow Tiger Global Management affiliates to own up to 49 percent of AGM. The shift to a corporation won’t change control of AGM and doesn’t change its status as a public company, the filing said: The Tiger companies count as foreign because they're based in the Cayman Islands but controlled by U.S. citizens. The Tiger affiliates own close to 15 percent of AGM. Terrier seeks declaratory ruling authorizing foreign ownership as part of its pending deal to buy TV and radio stations from Cox (see 1907120052).