Apollo (NYSE: APO) has held talks with the lenders of its portfolio company CareerBuilder about potentially merging the job search website with another firm, according to Bloomberg News.
A drop in subscription renewals during the pandemic and a slower-than-anticipated rollout of a new go-to-market strategy impacted CareerBuilder’s performance, according to a 2021 S&P Global Ratings note. Apollo, along with the Ontario Teachers’ Pension Plan Board, acquired a majority stake in CareerBuilder in 2017.