Aug 11, 2026 · 6 min

Apollo rallies as Webtoon stumbles and Bending Spoons surges

Apollo Global Rises on Yankees Deal, Webtoon Falls, Bending Spoons Gains

The episode shows how financing, guidance, and investor expectations are driving sharply different outcomes across alternative assets, digital media, and software.

3 key takeaways

1Apollo Global rallied after a $2.6 billion Yankees financing deal and a major AI partnership involving Nvidia.
2Webtoon shares fell after the Korean digital comics platform issued weak third-quarter guidance despite younger-audience popularity.
3Bending Spoons reached an all-time high after Mizuho raised its price target ahead of the company’s first earnings report.

Don't miss

Apollo Global’s stock rally following its $2.6 billion financing deal with the New York Yankees, alongside discussion of the money entering professional sports.

The brief

Avalon Purnell of Bloomberg News joins Tim Stenovec and Christine Keynote to examine three sharply different market moves, beginning with Apollo Global’s rally after a $2.6 billion financing deal with the New York Yankees.

Apollo’s move also reflects a major AI financing partnership with Nvidia, while the discussion widens to the enormous sums now flowing into professional sports.

Webtoon shares moved the other way after the Korean WebComics platform issued soft third-quarter guidance, prompting a look at how its younger demographic fits into the market story.

Bending Spoons reached an all-time high after Mizuho raised its price target, putting the Italian app acquirer under a brighter spotlight before its first earnings report.

Together, the three cases show investors rewarding financing momentum and expectations in one corner of the market while punishing cautious guidance in another.

What was said on this episode

6 statements · 3 positive · 2 negative · 1 neutral

Avalon Purnellon Nvidia AI financingPositive1:05
Nvidia tapped Apollo and other firms to source $500 billion for AI development and infrastructure.
“Nvidia tapped the asset manager alongside a slew of other firms like Blackstone and BlackRock to source $500 billion in financing for AI development and infrastructure.”
Listen at 1:05
Avalon Purnellon Apollo–New York Yankees financing dealPositive1:16
Apollo’s sports arm signed a $2.6 billion financing deal with the New York Yankees.
“Apollo Sports arm also inked a $2.6 billion financing deal with the New York and Yankees as well.”
Listen at 1:16
Avalon Purnellon Webtoon third-quarter guidanceNegative2:21
Webtoon forecast third-quarter revenue and adjusted EBITDA below Wall Street expectations.
“the Korean WebComics platform forecast third quarter revenue and adjusted Ebitda. That trailed Wall Street's expectations”
Listen at 2:21
Avalon Purnellon Bending Spoons price targetPositive3:48
Mizuho raised Bending Spoons’ price target to a Street-high $72.
“Mizuho boosted its price target on the company to a street high of $72 ahead of bedning spoon's first earnings report.”
Listen at 3:48
Avalon Purnellon Bending SpoonsNeutral3:57
Bending Spoons buys distressed software apps using a private-equity-style strategy.
“this is an Italian company that pursues a sort of private equity esque style playbook to buy distressed software apps.”
Listen at 3:57
Avalon Purnellon Bending Spoons acquisition of AirtableNegative4:06
Bending Spoons bought Airtable for about $2.25 billion, below its earlier peak valuation.
“they just bought airtable for about $2.25 billion, which is far below their earlier peak value of about $11.7 billion.”
Listen at 4:06

Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.

Featuring

APAvalon Purnell

Mentioned

AGApollo Global Management, Inc.

Nvidia Corporation

Webtoon Entertainment Inc.BSBending Spoons

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