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.
Thanks for the report, unfortunately I PayPal shopped for $208 (it was my first investment) so at least I learned my lesson. I'm still holding but I don't believe it will get back to those values.
They nicely offset the fear and decline that followed the drop in results. It's not a lost company
Great news, I'm holding $PYPL and I trusted him even when I posted about him here about a month ago when quite a few people were writing him off. So great, I've been buying at $60 to dilute what I was holding at $77, so hopefully it will grow more. 😊 That stock buyback sounds great
Great, finally good news for PayPal. At $58, it was probably a no-brainer after all.
Well, that's great news for investors. I was thinking about buying a little bit, but unfortunately I didn't and now I'm starting to regret it.
So it looks like a solid ride today, almost 4% already 😎 I'll welcome those buybacks.
Great, so I end up regretting not buying a few pieces too. But it might not be too late, I'll check it out today.
Great news for $PYPL!!