11:24 AM EDT, 10/17/2025 (MT Newswires) -- (Updates with response from Brighthouse Financial ( BHF ) in the sixth paragraph.)

Brighthouse Financial ( BHF ) is in talks to be acquired by Sixth Street after discussions with Aquarian Holdings didn't evolve in September, Reuters reported Thursday, citing three people familiar with the matter.

Deal talks with Sixth Street and its Talcott insurance affiliate were recently revived following weeks of exclusive discussions between Brighthouse and Aquarian, the report said.

Brighthouse's board was unsatisfied with a funding proposal included in Aquarian's final bid, the sources reportedly said.

Sixth Street's bid is about $55 per Brighthouse share, two of the sources reportedly said. The offer would value Brighthouse at about $3.14 billion, according to the report.

Sources said a deal is not guaranteed and that discussions could end without an agreement, Reuters said.

Brighthouse declined to comment when contacted by MT Newswires, while Sixth Street, Talcott and Aquarian didn't immediately 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.)

Price: 45.67, Change: +0.53, Percent Change: +1.17