RE:RE:RE:RE:RE:RE:RE:Swimming against the tide FD, Sunshine is right. Apollo would use one of their funds and not own equity to do a deal. Apollo is valued on the basis of fees they generate for the assets they manage which, if Sunshine is correct as regards the value of those assets, Appolo's funds could easily buy CXR. It would be a bite size meal for their funds. To say that a smaller company can't buy a larger company. That is also absolutely incorrect. Look at Amaya's purchase of Poker Stars.