Deal Snapshot
SYNCHRONY TO ACQUIRE LOOP COMMERCE TO DIVERSIFY DIGITAL COMMERCE
Tuesday 15 May 2018

Connecticut, US-based financial services company Synchrony (NYSE: SYF) has agreed to acquire California, US-based digital gift commerce company Loop Commerce, the company said.
Financial terms were not disclosed; the deal is not expected to have material impact on Synchrony's financial results. The acquisition will help diversify Synchrony's business, broaden its reach, provide more strategic value and capabilities for partners and deepen its technology portfolio.


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Details
Date Published: 15/05/2018
Target: Loop Commerce
Country: USA
Sector: Wholesale/Retail
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Synchrony
Buyer Advisor: Morgan Stanley and Co , Sidley Austin
Comment:
Terms of the deal were not disclosed

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