According to a report from Reuters, a source knowledgeable of the matter related that Fidelity National Financial Inc and Thomas H. Lee Partners are in early discussion on the possible acquisition of Lender Processing Services Inc, a provider of mortgage services. Fidelity National is a title insurer while Thomas H. Lee is a buyout firm.

The transaction that is estimated to be valued at US$2.9 billion would assess Lender Processing's share value to be at US$33 per share based on the report of the Wall Street Journal released on Wednesday. Based on the agreement, the purchasers will be paying in Fidelity National Financial Stock with cash. In addition, Thomas H. Lee will own a 19.9% share in Lender Processing. At the conclusion of the transaction, Lender Processing Services will already be subsidiary of Fidelity National Financial, according to the Wall Street Journal.

According to the sources, the deal would possibly be announced the following week. Sources of the Reuter report requested anonymity as the deal is still in progress. The Fidelity National, Lender Processing and Thomas H. Lee were requested to provide comments with both Lender Processing and Fidelity National were not readily available to comment while Thomas H. Lee declined to say anything.