Sept 19 (Reuters) - Goldman Sachs is in advanced talks with several financial companies to spin off 'Simon', its three-year-old app that sells financial products to retail investors, the Wall Street Journal reported on.wsj.com/2OzaWmf on Wednesday, citing people familiar with the matter.
JPMorgan Chase, Barclays, HSBC Holdings , Credit Suisse, Wells Fargo and insurer Prudential Financial have expressed interest for a stake in the business, the report said.
The deal, which would value the app at around $100 million, is likely to be finalised in the coming weeks.
Goldman Sachs did not immediately respond to a request for comment. (Reporting By Aparajita Saxena in Bengaluru; Editing by Arun Koyyur)