Key Takeaways Bridge Investment Group Holdings agreed to be purchased by investment firm Apollo Global Management for $1.5 billion, and shares took off.The agreement gives Bridge investors Apollo shares worth about $11.

Alternative asset manager Apollo Global Management will buy real estate firm Bridge Investment Group for about $1.5 billion in an all-stock deal, the companies said on Monday. After closing of the deal,

Apollo Global Management is acquiring Bridge Investment Group for $1.5 billion. Marc Rowan is ready to take a bigger bite out of real estate. The deal is expected to double Apollo’s real estate assets under management, pushing the number past $110 billion.