Trending: PayPal to Sell European BNPL Loan Receivables to KKR
June 20 2023 - 2:46PM
Dow Jones News
15:16 ET -- PayPal Holdings is one of the most mentioned
companies in the U.S. across all news items in the last 12 hours,
according to Factiva data. The company will sell substantially all
of its European buy now, pay later loan portfolio to KKR. PayPal
will remain responsible for customer-facing activities. PayPal
expects about $1.8 billion of proceeds, with some of that slated
for stock buybacks. Dow Jones & Co. owns Factiva.
(josh.beckerman@wsj.com)
(END) Dow Jones Newswires
June 20, 2023 15:31 ET (19:31 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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