07:53 AM EST, 12/23/2024 (MT Newswires) -- MetLife ( MET ) is closing in on a deal to purchase PineBridge's assets outside of China from Pacific Century Group, Bloomberg reported Monday, citing people familiar with the matter.

The companies could announce a deal valuing PrineBridge's ex-China assets at about $1.3 billion to $1.4 billion as soon as Monday, the people reportedly told Bloomberg.

MetLife ( MET ) did not immediately reply to a request for comment from MT Newswires.

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