BUZZ-Blue Owl extends gains after deal with credit manager Atalaya
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Blue Owl Capital has announced its acquisition of credit manager Atalaya Capital Management for $450 million. The deal is expected to close later this year and will be modestly accretive to Blue Owl. The purchase price includes $350 million of Blue Owl equity and $100 million in cash, with the potential for an additional $350 million to be earned after the deal closes. Blue Owl has been active in dealmaking recently, expanding into life insurance assets and real estate financing.
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