08:37 AM EDT, 10/31/2025 (MT Newswires) -- Brighthouse Financial ( BHF ) is in advanced discussions to be taken private by Mubadala Capital-backed Aquarian Holdings in a $4 billion transaction, the Financial Times reported Friday, citing three sources briefed on the matter.

Aquarian will pay as much as $70 per share in the transaction, which could be announced as soon as this weekend, according to the report. However, an agreement has not been finalized and the deal can still be called off, the sources said.

Mubadala Capital would lead equity financing for the deal, and a consortium of banks would arrange a debt package of over $1 billion, the Times cited the sources as saying.

Brighthouse, Aquarian, and Mubadala Capital did not reply to a request for comment from MT Newswires.

Brighthouse shares were up more than 24% in recent premarket activity on Friday.

(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.)