Reported about 6 hours ago
Apollo Global Management Inc. is set to acquire Bridge Investment Group Holdings Inc. for approximately $1.5 billion in an all-stock transaction, expanding its footprint in the real estate sector. The deal, which values Bridge at around $11.50 per share, reflects a broader recovery sentiment in commercial real estate post-pandemic. Bridge, managing $22 billion in fee-paying assets, will continue to operate independently within Apollo's framework, and the acquisition is anticipated to close in the third quarter.
Source: YAHOO