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Synchrony Financial to buy $6.8 bn receivables portfolio from PayPal

The deal is expected to close in the third quarter of 2018, the companies said

Reuters 

Synchrony Financial to buy $6.8 bn receivables portfolio from PayPal

Consumer financial services company said on Thursday that it would buy $6.8 billion in receivables from Inc, including the payment processor's receivables portfolio.

The is expected to close in the third quarter of 2018, the companies said.

First Published: Thu, November 16 2017. 21:05 IST
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