The Wall Street Journal is reporting that Art Capital Holdings, an independent investment firm, is planning to buy the assets from the family of billionaire investor George Soros.
The WSJ reports that Art and Soros have been negotiating a sale of their stake in the investment company for over a year, with the deal reportedly nearing completion.
According to the Journal, the two men have been in talks for several years.
Art has reportedly been seeking a share in the company since 2014.
The sale of Art’s investments has been in the works for months, but it was delayed due to the ongoing investigation into possible tax evasion by the Soros family.
George Soros and his wife, Miriam, are accused of embezzling $1 billion from the Soros Fund Management and other investments.
Art Capital reportedly is a large shareholder in the firm.
Soros, who is Jewish, is best known for investing in his father’s failed presidential bid in 2000.
The former financier was indicted on two counts of conspiracy, money laundering, and tax evasion, among other charges.