02:47 PM EDT, 09/15/2025 (MT Newswires) -- Brookfield Asset Management ( BAM ) is in discussions to acquire Singaporean sovereign wealth fund GIC's stake in Yes! Communities in a deal that could be worth more than $10 billion, multiple media outlets reported Sunday.

Talks between the companies are ongoing, but a deal is not guaranteed, according to reports.

Deal talks are underway as GIC anticipates a slump in H2 in tandem with rising inflation and volatility due to Singapore's domestic and geopolitical challenges, Bloomberg reported.

Brookfield and GIC did not immediately respond to requests for comment from MT Newswires.

Brookfield shares rose 1.8% in recent trading.

Price: 57.60, Change: +1.03, Percent Change: +1.81