01:34 PM EDT, 07/28/2025 (MT Newswires) -- (Updates with Tide's response in the fifth paragraph.)

TPG (TPG) is in advanced talks to acquire a "significant" stake in UK digital banking services platform Tide, Sky News reported Monday, citing unnamed sources.

The size of the prospective stake was unclear, the report said.

Tide's existing shareholders are expected to sell shares to TPG, while another existing shareholder would acquire newly issued shares in a separate deal, the sources reportedly said.

Both transactions may occur at different valuations but they are likely to see Tide having a valuation of at least $1 billion, according to the sources.

TPG and Tide declined to comment when contacted by MT Newswires.

(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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