PayPal to sell ~$7B of buy now, pay later receivables to Blue Owl Capital funds (PYPL:NASDAQ)

PayPal (NASDAQ:PYPL) and Blue Owl Capital (NYSE:OWL) said on Wednesday that funds managed by the alternative asset manager will acquire ~ $7B worth of PayPal's buy now, pay later receivables. PYPL shares were +1.25% pre-market to$ 68.15, while OWL was +0.48% ...