Asset manager Oaktree Capital is reportedly in exclusive negotiations to secure a majority stake in two businesses owned by investment bank B. Riley, according to Bloomberg News. The deal, which could be announced as early as next week, would see Oaktree acquire a stake of 51% to 55% in B. Riley's appraisal and valuation services arm, as well as its retail, wholesale, and industrial solutions unit, previously known as Great American Group. Sources with knowledge of the matter estimate the combined value of these entities at around $380 million.

Both Oaktree Capital and B. Riley have yet to respond to Reuters' requests for comment on the matter. However, the news of the potential deal has already had a positive impact on B. Riley's shares, which saw an increase of 12% in afternoon trading, erasing previous losses. The acquisition discussions come at a time when B. Riley has experienced a stock rout driven by concerns over an expected second-quarter loss.

It is worth noting that last week, B. Riley's co-founder and co-CEO, Bryant Riley, made an offer to buy the bank himself, possibly as a response to the stock downturn. However, the current negotiations with Oaktree Capital may provide a different outlook for the bank's future.

Details regarding the terms and conditions of the acquisition have not been disclosed at this time. If the deal proceeds, Oaktree Capital is set to gain a significant majority stake, allowing them to have a substantial influence on the appraisal and valuation services as well as the retail, wholesale, and industrial solutions sectors.

Investors and stakeholders will be closely watching for any further developments regarding the potential transaction, as it could have a substantial impact on the future trajectory of B. Riley and its respective business arms.