v3.26.1
Business Combination (Tables)
 3 Months Ended
Mar. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Schedule of Purchase Price The purchase price was as follows:
(In millions, except share price data and exchange ratio)
Bridge Class A common stock purchased55.8 
Bridge Class B common stock purchased62.7 
Bridge LLC Class A common units purchased76.7 
Exchange ratio for Class A common stock and Class A common units0.07081 
Exchange ratio for Class B common stock 0.00006 
Shares of AGM common stock issued in exchange9.4 
AGM common stock closing price$136.23 
Value of AGM common stock issued in exchange$1,279 
Fair value of estimated equity instruments assumed1
28 
Purchase of certain non-controlling interests50 
Total consideration1,357 
Non-controlling interest489 
Total Bridge equity value$1,846 
1 All outstanding Bridge equity awards were converted into AGM equity awards, of which $28 million was included as part of the consideration for the portion that was attributable to pre-combination services and $81 million will be treated as post-combination compensation expense over the applicable service period.
Schedule of Fair Value Amounts Recognized for Assets Acquired and Liabilities Assumed and Resulting Goodwill
The following table summarizes the fair value amounts recognized for the assets acquired and liabilities assumed and resulting goodwill as of the Acquisition Date:

(In millions)Fair Value and Goodwill Calculation
Total consideration$1,357 
Total Value to Allocate
Cash and cash equivalents83 
Restricted cash and cash equivalents16 
Investments519 
Due from related parties64 
Other assets718 
Estimated fair value of total assets acquired, excluding goodwill1,400 
Accounts payable, accrued expenses, and other liabilities280 
Due to related parties387 
Debt470 
Estimated fair value of total liabilities assumed1,137 
Estimated fair value of net assets acquired, excluding goodwill263 
Non-controlling interests489 
Estimated fair value of net assets acquired less non-controlling interests, excluding goodwill(226)
Goodwill attributable to the Bridge acquisition$1,583 
Schedule of Fair Value and Weighted Average Estimate Useful Lives of Intangible Assets Acquired
The fair value and weighted average estimated useful lives of the identifiable intangible assets acquired in the Bridge acquisition consist of the following:

Fair value
(in millions)
Average useful life
(in years)
Management Contracts$605 11
Trade Name20 8
Total$625 
Schedule of Unaudited Pro Forma Financial Information The unaudited pro forma financial information is presented for informational purposes only and is not necessarily indicative of future operations or results had the acquisition been completed as of January 1, 2024.
Three months ended March 31,
(In millions)2025
Total Revenues$5,636 
Net income attributable to Apollo Global Management, Inc.422