MetLife in Talks to Buy PineBridge's Ex-China Assets for $1 Billion-$1.5 Billion, Bloomberg News Reports
(Reuters) - New York-based insurer MetLife Inc is in advanced talks to buy PineBridge Investments' assets outside of China in a deal that could be valued at $1 billion to $1.5 billion, Bloomberg News reported on Monday. The talks are exclusive for assets under management worth about $100 billion, the report said, citing sources.