Apollo Global Management (NYSE: APO) announced Monday it has entered into separate definitive agreements to acquire Emerald Holding, Inc. (NYSE: EEX) and privately held Questex, LLC, with the explicit intention of combining the two businesses into a scaled North American B2B events and media platform. The Emerald deal is structured as an all-cash transaction at $5.03 per share, implying an estimated closing enterprise value of approximately $1.5 billion and representing a 42.1% premium to Emerald’s unaffected share price prior to deal speculation. Questex’s acquisition terms were not disclosed. Both transactions are expected to close in the second half of 2026, subject to customary regulatory approvals.