Goldman Sachs Group (GS) Chief Executive David Solomon held discussions to acquire $25 billion Northern Trust (NTRS) earlier this year and nearly completed a deal to take over Cliffwater for $6 billion, Semafor reported late Monday, citing people familiar with the matter.

Advanced talks with Cliffwater, a money manager overseeing $120 billion in assets, stalled due to disagreements over price, some of the people reportedly said.

Talks with Northern Trust could intensify as the company is now in play, according to the report.

Goldman Sachs declined to comment while Cliffwater and Northern Trust did not immediately respond to MT Newswires' request for comment on Tuesday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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