Business
J&J Is In Talks to Sell Its Hips-and-Knees Business to Apollo for $20 Billion
Private-equity firm Apollo Global Management is in talks to acquire Johnson & Johnson’s hips-and-knees parts business for around $20 billion, according to people familiar with the matter.
J&J has been seeking to unload its DePuy Synthes orthopedics business. It is possible the talks with Apollo won’t result in a transaction, however, or another suitor could still emerge, the people cautioned.
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