Getting your player ready...
CHARLOTTE, N.C. — AIG is in talks with MetLife to sell one of its largest insurance units for between $14 billion and $15 billion, according to news reports Tuesday citing people familiar with the matter. The two companies have been in discussions for months about a potential deal for AIG’s American Life Insurance Co., known as Alico, The Wall Street Journal reported. The New York Times’ DealBook blog also had a similar report.
Alico’s sale would be the biggest step to date by AIG to pay back public bailout funds. The Associated Press
