The Blackstone Group Inc. (NYSE:BX) is in exclusive negotiations to privatize SOHO China Limited (SEHK:410) through a $4 billion transaction, Reuters reported, citing two people with direct knowledge of the matter. The Blackstone Group is offering HKD 6 per share for the acquisition of the SOHO China. The talks for the potential transaction commenced in early February, with the details of the planned privatization expected to be finalized in the coming weeks, according to the people.

Blackstone declined to comment, while Soho China did not respond to requests for comment, according to Reuters.