Apollo nears deal to buy 10% stake in Mubadala Capital, CNBC reports

Investing.com -- Apollo Global Management LLC (NYSE:APO) is finalizing an agreement to acquire a roughly 10% minority stake in Mubadala Capital, CNBC reported Monday, citing people familiar with the matter. The transaction, which could be announced as early as Monday morning, directly links one of Wall Street's largest alternative asset managers with the investment arm of Abu Dhabi's $385 billion sovereign wealth fund.