12:23 PM EDT, 08/21/2024 (MT Newswires) -- B. Riley Financial ( RILY ) is in talks to sell a majority stake in two of its businesses to Oaktree Capital, Bloomberg reported Wednesday, citing people with knowledge of the matter.

Oaktree could buy between 51% and 55% of B. Riley's appraisal and valuation services arm and its retail, wholesale and industrial solutions unit, both of which were previously under the Great American Group brand name, the report said.

The units could be valued at around $380 million and a deal could come as soon as next week, though the report cautioned the sale was not guaranteed.

B. Riley Financial ( RILY ) and Oaktree Capital did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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