<p>Goldman Sachs is likely to take a large writedown for its $2.2 billion acquisition of fintech lender GreenSky after seeking to divest the business it bought in 2021, <em>CNBC </em>reported on Friday, citing people with knowledge of the sale process.</p>.<p>"One bidder said GreenSky is worth roughly $300 million, while another said it was worth closer to $500 million," according to the report.</p>.<p><em>CNBC </em>added the bids for the platform, which facilitates home improvement loans to consumers, were coming in well below Goldman's expectations.</p>.<p>Shares of Goldman were down about 1.4% in mid-morning trading.</p>.<p>"We're pleased with the participation by bidders, we're in the middle of the process and we'll learn more as we go forward," a Goldman spokesperson said in an emailed statement to Reuters, without revealing any details about the potential writedown it is expected to take.</p>.<p>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.</p>.<p>KKR, Apollo Global Management, Sixth Street Partners, Warburg Pincus and Synchrony Bank were among the asset managers and lenders involved in the first round of bids in June, the <em>CNBC </em>report said. </p>
<p>Goldman Sachs is likely to take a large writedown for its $2.2 billion acquisition of fintech lender GreenSky after seeking to divest the business it bought in 2021, <em>CNBC </em>reported on Friday, citing people with knowledge of the sale process.</p>.<p>"One bidder said GreenSky is worth roughly $300 million, while another said it was worth closer to $500 million," according to the report.</p>.<p><em>CNBC </em>added the bids for the platform, which facilitates home improvement loans to consumers, were coming in well below Goldman's expectations.</p>.<p>Shares of Goldman were down about 1.4% in mid-morning trading.</p>.<p>"We're pleased with the participation by bidders, we're in the middle of the process and we'll learn more as we go forward," a Goldman spokesperson said in an emailed statement to Reuters, without revealing any details about the potential writedown it is expected to take.</p>.<p>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.</p>.<p>KKR, Apollo Global Management, Sixth Street Partners, Warburg Pincus and Synchrony Bank were among the asset managers and lenders involved in the first round of bids in June, the <em>CNBC </em>report said. </p>