Global financial institution The Goldman Sachs Group, Inc. (GS) has inked an all-stock deal valuing $2.24 billion to acquire GreenSky, Inc. (GSKY), a fintech platform for home improvement consumer loan originations. The move is aimed at giving a boost to the company's consumer banking unit, Marcus. Shares of GS closed at $401.95 on Wednesday. GreenSky provides point of sale payment solutions for merchants, consumers and banks. It boasts of over 10,000 merchants and has served over 4 million customers since its inception. Goldman has been focusing on expanding its consumer banking business that drives higher, more durable returns by providing an integrated and customer-centric digital offering.
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Goldman Sachs (NYSE:GS)
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