Blue Owl Scraps Merger of Private Credit Funds After Selloff

Blue Owl Capital Inc. is calling off a merger of two of its private-credit funds after scrutiny over potential investor losses sent its shares tumbling. The firm terminated the deal between Blue Owl Capital Corp. and Blue Owl Capital Corp. II, citing current market conditions, and will re-evaluate its alternatives. Blue Owl’s shares erased early gains on Wednesday in New York, on track for the lowest closing level since December 2023. Bloomberg's Sridhar Natarajan joined Carol Massar and Tim Stenovec on 'Bloomberg Businessweek Daily' to break it all down. (Source: Bloomberg)