Sachs buys online loan co.
Goldman Sachs agreed Wednesday to buy GreenSky, a fintech platform that provides home-improvement loans, in an all-stock deal valued at $2.24 billion as the Wall Street bank looks to grow its consumer unit.
Atlanta-based GreenSky, which went public in 2018 at a valuation of about $4 billion, has provided home-improvement loans to about 4 million customers since its founding in 2006.
The deal implies a price of $12.11 for each GreenSky share, representing a 56 percent premium to the closing price on Tuesday.