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Goldman Sachs in talks to sell GreenSky to investment group at steep loss: report

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Goldman acquired GreenSky, the consumer lending company, last year in an all-stock deal worth $1.73 billion.

at a significant loss — after embattled CEO David Solomon paid more than $2 billion to buy the home improvement lender.

Goldman agreed to buy GreenSky in an all-stock deal valued at $2.24 billion in September 2021 as it tried to expand into the consumer lending business. The sources requested anonymity ahead of an official announcement. Goldman Sachs declined to comment, while representatives for the investment firms either declined to comment or did not respond to requests for comment.

Goldman under CEO David Solomon acquired GreenSky, the consumer lending company, last year in an all-stock deal worth $1.73 billion.Goldman acquired GreenSky at the height of the COVID-19 pandemic, which kept consumers at home and prompted many of them to splash out on renovations.

 

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Goldman Sachs in advanced talks to sell GreenSky lending unit to investment group: reportGoldman Sachs Group Inc. is in advanced talks to sell its specialty lender GreenSky, the Wall Street Journal reported Tuesday night.
Source: MarketWatch - 🏆 3. / 97 Read more »