Allianz AG

(ALLZF:OTC) said it will pay about $940 million, or about 95% of the initial purchase price of $980 million, in goodwill for its acquisition of asset management company

Nicholas Applegate

.

The German company bought bond fund manager

Pimco

earlier this year and was recently in

takeover talks with three other American asset managers:

Waddell & Reed

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(WSR) - Get Report

,

Franklin Resources

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and

Gabelli Asset Management

(GBL) - Get Report

.

Allianz's latest takeover bid comes at a time when the weak euro, increased demand for equities and globalization have encouraged foreign takeovers of American fund managers.