11:53 AM EDT, 08/20/2024 (MT Newswires) -- KKR (KKR) is in advanced talks to acquire The Parking Spot in a transaction valued at about $1.4 billion, Bloomberg reported Tuesday, citing people with knowledge of the matter.

Bloomberg said a KKR spokesperson declined to comment, while a representative for The Parking Spot owner Green Courte Partners did not respond to requests for comment.

(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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