I'm starting to like this. Do you also hold shares of $PYPL?
Investment firm KKR has agreed to buy a substantial portion, up to 40 billion euros ($43.71 billion), of PayPal's $PYPL loans (BNPL) in Europe.
PayPal shares thus rose 2% in premarket trading following news of the deal, which is expected to generate roughly $1.8 billion in gross proceeds and close in the second half of the year.
After the deal closes, PayPal intends to allocate roughly $1 billion for incremental share repurchases in 2023, adding to its updated outlook of approximately $5 billion in total share repurchases this year.