Ares Management Plans 'Substantial' Investment in ID.me

MT Newswires Live

2025/01/31

Ares Management (ARES) is planning to make a "substantial equity investment" in ID.me after its funds closed a $275 million credit facility with the digital identity wallet, according to a Thursday statement from ID.me.

No other details on the planned investment were disclosed.

Ares Management did not immediately respond to MT Newswires' request for comment.

Price: 198.37, Change: +4.95, Percent Change: +2.56

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