03:30 PM EDT, 06/11/2025 (MT Newswires) -- Apollo Global (APO) and Qatari investment fund Irth Capital have made an offer to buy Papa John's (PZZA), which could value the pizza chain at roughly $2 billion, Semafor reported Wednesday, citing people close to the matter.

The group has offered to pay a per-share price "in the low $60s," the report said, citing the people.

Irth already has a 5% stake in the pizza chain, according to the report.

Apollo, Irth Capital and Papa John's didn't immediately respond to a request for comment from MT Newswires.

Papa John's shares were up more than 9% in recent trading.

(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.)

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