MetLife, Inc. (MET), a leading name in the life insurance sector, is currently in advanced negotiations to purchase specific assets from PineBridge Investments, a prominent asset management firm. This acquisition, valued between $1 billion and $1.5 billion, involves assets under management (AUM) totaling approximately $100 billion, excluding those based in China, as reported by Bloomberg citing sources familiar with the situation.
PineBridge Investments is primarily owned by Pacific Century Group, the holding company of Asian billionaire Richard Li.
