Goldman, Barclays to bid for GM's credit-card ops - report

EPA-EFE/JEFF KOWALSKY

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