{"id":857854,"date":"2023-02-01T06:00:17","date_gmt":"2023-02-01T05:00:17","guid":{"rendered":"https:\/\/bebeez.it\/non-categorizzato\/western-digital-announces-900-million-convertible-preferred-equity-investment-led-by-apollo-managed-funds\/"},"modified":"2023-02-01T06:00:17","modified_gmt":"2023-02-01T05:00:17","slug":"western-digital-announces-900-million-convertible-preferred-equity-investment-led-by-apollo-managed-funds","status":"publish","type":"post","link":"https:\/\/bebeez.it\/en\/private-capital-in-north-america\/western-digital-announces-900-million-convertible-preferred-equity-investment-led-by-apollo-managed-funds\/","title":{"rendered":"Western Digital Announces $900 Million Convertible Preferred Equity Investment Led by Apollo-Managed Funds"},"content":{"rendered":"Apollo Provides Long-Term Strategic and Capital Support to Company Alongside Existing Investor Elliott Investment Management\n\nSAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corporation (\u201cWestern Digital\u201d) (Nasdaq: WDC) today announced that funds managed by affiliates of Apollo Global Management, Inc. (\u201cApollo\u201d) led the purchase of $900 million of convertible preferred stock of Western Digital, along with Elliott Investment Management L.P. (together with its affiliates, \u201cElliott\u201d) who also invested in the convertible offering. The investment strengthens Western Digital\u2019s financial position and flexibility as the company continues its review of strategic alternatives aimed at further optimizing long-term value for its shareh<div class=\"leaky_paywall_message_wrap\"><div id=\"leaky_paywall_message\"><a href=\"https:\/\/bebeez.it\/abbonati\/\">Abbonati<\/a> o <a href=\"https:\/\/bebeez.it\/mio-account\/\">Accedi<\/a> per leggere il resto di questo contenuto.<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Apollo Provides Long-Term Strategic and Capital Support to Company Alongside Existing Investor Elliott Investment Management SAN JOSE, Calif.&#8211;(BUSINESS WIRE)&#8211;Western Digital Corporation (\u201cWestern Digital\u201d) (Nasdaq: WDC) today announced that funds managed by affiliates of Apollo Global Management, Inc. (\u201cApollo\u201d) led the purchase of $900 million of convertible preferred stock of Western Digital, along with Elliott Investment [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[49625],"tags":[],"settori":[],"slider_categorie_and_home_page":[],"class_list":["post-857854","post","type-post","status-publish","format-standard","hentry","category-private-capital-in-north-america"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Western Digital Announces $900 Million Convertible Preferred Equity Investment Led by Apollo-Managed Funds - BeBeez<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebeez.it\/en\/private-capital-in-north-america\/western-digital-announces-900-million-convertible-preferred-equity-investment-led-by-apollo-managed-funds\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Western Digital Announces $900 Million Convertible Preferred Equity Investment Led by Apollo-Managed Funds - BeBeez\" \/>\n<meta property=\"og:description\" content=\"Apollo Provides Long-Term Strategic and Capital Support to Company Alongside Existing Investor Elliott Investment Management SAN JOSE, Calif.--(BUSINESS WIRE)--Western Digital Corporation (\u201cWestern Digital\u201d) (Nasdaq: WDC) today announced that funds managed by affiliates of Apollo Global Management, Inc. 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