21st Century Fox and Apollo Global Management agreed...

21st Century Fox and Apollo Global Management agreed to create a global multiplatform content provider. The companies will jointly manage the group, with each owning 50 percent, the companies said in a news release (http://bit.ly/1yiaGN7). The group’s businesses will have creative operations in more than 30 markets, “with a diverse portfolio of over 600 formats ... coupled with digital, gaming, and distribution operations,” it said. The agreement brings together Core Media, Endemol and Shine Group, it said. Those three companies will continue to operate as separate companies upon the transaction’s completion, 21st Century Fox and Apollo said.