Bridge Investment Surges on $1.5 Billion Acquisition by Apollo

Dow Jones

Feb 24, 2025

By Dean Seal

Shares of Bridge Investment Group soared after Apollo Global Management said it would buy the real-estate investment firm in a $1.5 billion deal.

The stock was up 34% at $10.62 in premarket trading. Shares were changing hands at about $7.26 this time a year ago.

Apollo said Monday morning that it would acquire Bridge for about $1.5 billion in stock, confirming an earlier report by The Wall Street Journal. The deal values Bridge shares at $11.50 apiece.

The transaction will nearly double Apollo's real-estate assets under management to more than $110 billion.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

February 24, 2025 09:08 ET (14:08 GMT)

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