Apollo Global Management is nearing a deal for a stake in Mubadala Capital
Apollo Global Management is finalizing a deal to buy nearly a 10% stake in Mubadala Capital, according to people familiar with the matter. Mubadala Capital is the alternative asset manager subsidiary of Abu Dhabi’s Mubadala Investment Company.
Investing giant Apollo Global Management is finalizing a deal to buy nearly a 10% stake in Mubadala Capital, according to people familiar with the matter.
The reported transaction would give Apollo a stake in the alternative asset manager subsidiary of Abu Dhabi’s sovereign wealth fund, Mubadala Investment Company.
What the clip shows
The video clip highlights a deal that is still being finalized, based on information from people familiar with the matter who spoke on condition of anonymity.
Why it matters
Mubadala Capital sits within one of Abu Dhabi’s biggest investment groups, making any change in ownership a notable development for the firm.
Video: @cnbc on TikTok
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