Navient Says Remains In Active Discussions About Potential Sale Of Its Government Services Businesses
Portfolio Pulse from Benzinga Newsdesk
Navient is in active discussions about potentially selling its Government Services businesses. The financial impact of this sale is currently uncertain. The book value of the Government Services business as of June 30, 2024, was approximately $192 million, including $138 million of goodwill and acquired intangible assets.
August 13, 2024 | 8:24 pm
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Navient is in discussions to potentially sell its Government Services businesses. The financial impact of this sale is uncertain, but the book value of the business is $192 million as of June 30, 2024.
The potential sale of Navient's Government Services businesses could positively impact the stock price due to the strategic shift and potential cash inflow. However, the financial impact remains uncertain, which introduces some risk.
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