05:19 AM EDT, 07/16/2025 (MT Newswires) -- (Updates with stock price movement in the last paragraph.)

Brighthouse Financial ( BHF ) is in talks with Aquarian Holdings regarding an acquisition by the investment firm, The Wall Street Journal reported late Tuesday, citing sources.

The buyout of the US insurer could be completed within weeks, people familiar with the matter told the media outlet.

TPG (TPG) was among the potential suitors for Brighthouse. The private equity firm proposed a structured deal for only parts of Brighthouse but could not reach an agreement and did not submit a final bid, the sources added.

Brighthouse and Aquarian didn't immediately respond to requests for comments from MT Newswires.

Brighthouse shares were up nearly 12% in recent premarket activity Wednesday.

(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.)