Back to today’s briefing

Story perspectives

Apollo Withdraws $2.1B Bid, Papa John's Shares Plummet

11/4/2025

50 7

Summary

Story summary

Apollo Global Management (private equity firm) has withdrawn its $64 per share bid to take Papa John's International private, causing the shares to fall.
The $2.1 billion bid was pulled amid slowing consumer spending and challenges in the quick-service restaurant sector.
Analysts expect Papa John's to report a 7% year-over-year drop in earnings per share.
Yum Brands is reviewing options for Pizza Hut due to ongoing struggles.

1 of 1

Story summary

Apollo Global Management (private equity firm) has withdrawn its $64 per share bid to take Papa John's International private, causing the shares to fall.
The $2.1 billion bid was pulled amid slowing consumer spending and challenges in the quick-service restaurant sector.
Analysts expect Papa John's to report a 7% year-over-year drop in earnings per share.
Yum Brands is reviewing options for Pizza Hut due to ongoing struggles.