Apollo Management Holdings GP, LLC, along with affiliated entities, executed the sale of a substantial holding of non-voting ordinary shares in Taboola.com Ltd. (NASDAQ:TBLA) on May 28, 2026.
The reported transaction involved the disposition of 12 million non-voting ordinary shares at a price point of $4.40 per share, totaling $52,800,000 in proceeds. Following this specific sale, TBLA's stock performance saw an increase, reaching $4.95. This current valuation places the stock close to its 52-week high, which stands at $5.26, resulting in a market capitalization of $1.33 billion.
The shares were liquidated on the open market by College Top Holdings, Inc., an entity that manages securities belonging to Yahoo Inc., its indirect wholly owned subsidiary. This transaction is situated within a broader corporate ownership structure involving several entities associated with Apollo, including Apollo Management Holdings GP, LLC, Apollo Management GP, LLC, and Apollo Management Holdings, L.P. It should be noted that the reporting entities explicitly disclaimed beneficial ownership of the sold shares, except for any quantifiable pecuniary interest.
After accounting for this divestiture, the group's remaining indirect holdings in Taboola.com consist of 18,039,644 non-voting ordinary shares and 39,525,691 standard ordinary shares. From an analytical standpoint, Taboola has been assessed as potentially undervalued based on its Fair Value assessment by InvestingPro analysis. Furthermore, the platform's financial stability is highlighted by a