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Apollo Provides $1.25 Billion to Support BMG, Concord Merger; Acquires Stake in BMG Unit

Apollo Provides $1.25 Billion to Support BMG, Concord Merger; Acquires Stake in BMG Unit

MT newswireMT newswire2026/09/17 12:35
08:35 AM EDT, 09/17/2026 (MT Newswires) -- Apollo Global Management (APO) said Thursday that its funds and affiliates provided $1.25 billion in equity capital to support the completed combination of BMG and Concord. Under the deal, Apollo acquired a minority stake in a BMG unit which holds the legacy Concord ABS, backed by a catalog of more than 1 million songs, the company said. The investment will enable BMG to partially repay outstanding ABS liabilities, Apollo said Apollo Global Management shares were up 1.1% in premarket activity.
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