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8/12/2020, 4:51 PM (Source: TeleTrader)
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Goldman, Barclays to bid for GM's credit-card ops - report

Goldman Sachs Group Inc. and Barclays Plc are planning to bid for the acquisition of General Motors Co's credit-card business, The Wall Street Journal reported on Wednesday, citing sources familiar to the matter.

The value of the deal is estimated at approximately $3 billion, while the decision is expected to be made in the next couple of weeks, the report read.

General Motors' shares dipped 0.28% at 10:35 am ET, trading for $28.44.

Breaking the News / BU