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Bids for Greensky (NASDAQ:GSKY), which facilitates home improvement loans to consumers, are coming in well below Goldman’s expectations, the report added.
Shares of Goldman fell 1.4% in morning trading. The company did not immediately respond to a Reuters request for a comment on the report.
The bank has been running a sale process for GreenSky, and may take a writedown on the $500 million of goodwill, or the premium it paid above the assets’ book value, Goldman President and Chief Operating Officer John Waldron told investors at a conference in June.
Apollo Global Management (NYSE:APO), Sixth Street and Warburg Pincus were among the initial bidders for GreenSky, according to media reports.
