Market Chatter: Apollo Global in Talks to Buy J&J Orthopedics Unit for $20 Billion

05:35 AM EDT, 09/14/2026 (MT Newswires) -- Apollo Global Management (APO) is in talks to acquire Johnson & Johnson's (JNJ) hips-and-knees business for about $20 billion, The Wall Street Journal reported Saturday, citing unnamed people familiar with the matter. The report said J&J has been seeking to separate its DePuy Synthes orthopedics unit, which generated $9.3 billion in sales last year. The talks with Apollo may not result in a deal, and other bidders could emerge, the report said. Apollo and J&J did not immediately respond MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)