12:23 PM EDT, 08/20/2024 (MT Newswires) -- (Updates to include additional details in the second paragraph and requests for comment in the fourth paragraph.)

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.

A deal may be announced in coming weeks, but discussions could still fall through, the report said.

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.

KKR declined to comment to MT Newswires, while Green Courte Partners did not immediately respond to a request 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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