Why the PayPal–Synchrony Deal Isn’t Closing until 3Q18
PayPal (PYPL) and Synchrony Financial (SYF) are portraying their consumer loans deal as a win-win deal. For PayPal, the sale of a portion of its credit business is expected to free up capital and lower the company’s risk profile. PayPal is working to become a one-stop shop for financial services in the digital age.