SoFi Held Sale Talks, But Bidders Balked At $8 Billion Price

10/23/17

Social Finance Inc discussed a potential sale earlier this year, including with financial services company Charles Schwab Corp, but the talks fell apart over the $8 billion price the online lender sought, the Financial Timesreported on Sunday, citing people familiar with the matter.

The San Francisco-based company known as SoFi began sales talks after a foreign bank made a $6 billion “indicative offer,” the newspaper said, citing two sources.

The offer came shortly after a $500 million funding round in February led by investment firm Silver Lake, the newspaper said.

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