How Blue Owl's Three-Way SPAC Merger Almost Derailed

The transcript discusses a merger between Owl Rock and DIAL, highlighting the legal challenges faced due to objections from two partners, 6th Street and Gollop Capital. The disputes were seen as manufactured, with the court ultimately siding with the merger. Despite the legal battle, the merger proceeded, and the company continued its momentum in the GP stake space. The use of a SPAC was crucial for the merger, providing a path to liquidity and avoiding a prolonged IPO process.

What lessons can be drawn from the speaker's experience with the merger and the subsequent disputes?

How did the speaker perceive the impact of the disputes on future business deals?

What was the rationale behind choosing a SPAC for the merger instead of a traditional IPO?