** Shares of real estate firm Bridge Investment Group BRDG.N rise 35.2% to $10.70 premarket
** Alternative asset manager Apollo Global Management APO.N says it will buy the company for about $1.5 billion in an all-stock deal
** Deal is expected to close in Q3 of 2025
** Bridge to operate as a standalone platform within Apollo's asset management business, retaining its existing brand and management team
** Shares of Apollo were up more than 1% in premarket trade
** Shares of Bridge Investment, which holds a market cap of $960 million, fell 14.1% in 2024
** BRDG down 5.7% YTD
(Reporting by Abhinav Parmar in Bengaluru)
((Abhinav.Parmar@thomsonreuters.com;))
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