Private equity giant Apollo pumps $700 million into Sony Music

Private equity giant Apollo pumps $700 million into Sony Music

FILE PHOTO: The Sony logo is displayed outside the company's headquarters in Tokyo, Japan February 16, 2023. REUTERS/Issei Kato

Private equity behemoth Apollo Global Management has invested $700 million in high-profile record label Sony Music Group, allowing its clients an opportunity to invest in “high grade” alternative assets.