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Apollo Global Management Shores Up Real Estate Assets With Bridge Investment Group Acquisition

Bridge Investment Group (BRDG) stock rocketed higher today after Apollo Global Management (APO) announced it will spend roughly $1.5 billion to acquire the real estate management company. However, it will use stock to fund the transaction instead of cash.Discover the Best Stocks and Maximize Your Portfolio: Apollo Global Management is beefing up its real estate investments to better compete with rival equity firms. Acquiring Bridge Investment Group works toward that goal while bringing new talent to the investment company. The deal will see Bridge Investment Group Executive Chairman Bob Morse...
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