(Reuters) – Goldman Sachs Group Inc (N:) is buying General Motors Co’s (N:) credit card business for about $2.5 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
The Wall Street bank won the bidding for the deal over Barclays Plc (L:), according to the report.
Goldman Sachs, GM and Barclays did not immediately respond to Reuters’ requests for comment.
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