Goldman likely to take ‘large’ writedown for GreenSky acquisition, CNBC reports

Goldman Sachs (GS) is likely to take a large writedown for its 2021 acquisition of fintech lender GreenSky after seeking to unload the business, CNBC’s Hugh Son reported on Friday. KKR (KKR), Apollo Global Management (APO), Sixth Street Partners, Warburg Pincus and Synchrony Bank (SYF) were among the asset managers and lenders involved in the first round of bids, according to sources. “Everybody’s been coming in low, and the Goldman team keeps pushing back, pounding the table about the value of it,” said one of the bidders.