07:18 AM EDT, 06/25/2025 (MT Newswires) -- TPG (TPG) and Aquarian Holdings have emerged as final bidders for Brighthouse Financial ( BHF ) , the Financial Times reported Tuesday, citing people briefed on the matter.

Earlier this month, TPG and Aquarian submitted offers at a small premium to Brighthouse's market value in a final round of bidding, the unnamed sources told the publication.

Brighthouse could decide against selling itself if the bids are deemed too low, according to the report.

Blackstone (BX), Carlyle (CG), Apollo Global (APO) and Sixth Street either did not submit final bids for the company or did not see their offers advance, the FT reported, citing six people briefed on the talks.

Brighthouse, TPG, Aquarian, Blackstone, Carlyle, Apollo, and Sixth Street didn't immediately respond to MT Newswires' requests for comment.

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