PayPal, KKR Enter Exclusive Multi-Year Relationship For European Pay Later Receivables
Portfolio Pulse from Benzinga Newsdesk
PayPal and KKR have entered an exclusive multi-year relationship for European Pay Later receivables, with KKR purchasing up to €40 billion of eligible loans. PayPal plans to allocate $1 billion to incremental share repurchases this year, updating its outlook to $5 billion in total share repurchases in 2023.
June 20, 2023 | 11:02 am
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KKR enters an exclusive multi-year relationship with PayPal for European Pay Later receivables, purchasing up to €40 billion of eligible loans.
The partnership with PayPal allows KKR to invest in a growing market segment, potentially generating significant returns. This could have a positive impact on KKR's stock price in the short term as investors may view this as a strategic move to expand their portfolio and increase revenue.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
PayPal partners with KKR for European Pay Later receivables, plans to allocate $1 billion to share repurchases this year, and updates outlook to $5 billion in 2023.
The partnership with KKR will provide PayPal with additional capital to invest in its business and share repurchases. The updated outlook for share repurchases in 2023 indicates a positive outlook for the company's financial performance, which could lead to an increase in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100