NEW YORK, NY / ACCESSWIRE / August 15, 2017 / Shares of both Netflix and PayPal were both trading pretty flat on Monday despite both companies announcing some big news recently. Over the weekend Netflix revealed that it has won the love of Shonda Rhimes, the top producer with ABC hits "Scandal" and "Greys Anatomy." Rhimes' shows and even new projects will be moving to Netflix in a multi-year deal. PayPal announced last week that it has acquired a finance company that has provided funding to over 20,000 small business already.

RDI Initiates Coverage on:

Netflix, Inc.
https://ub.rdinvesting.com/news/?ticker=NFLX

PayPal Holdings, Inc.
https://ub.rdinvesting.com/news/?ticker=PYPL

Netflix, Inc.'s shares closed down a modest 0.23% yesterday on trading volume just slightly higher than usual. After suffering a big blow this month when Disney announced that it was ending its partnership with the online streaming giant, the company had some good news over the weekend. It seems that Shonda Rhimes' "Scandal" TV series as well as "Grey's Anatomy" from ABC will be moving to Netflix for a multi-year deal. Also any new ideas and projects from Rhimes and her producing partner Betsy Beers will also be available on Netflix. Rhimes commented, "Starting today, we are thrilled to begin creating new Shondaland stories with Netflix." Considering that Rhimes' shows have been some of the top rated on ABC, this is a win for Netflix.

Access RDI's Netflix, Inc. Research Report at:
https://ub.rdinvesting.com/news/?ticker=NFLX

PayPal Holdings, Inc.'s shares closed up 1.76% on Monday, on about 7.5 million shares traded. There was no significant news on Monday but it was last week that PayPal announced a big acquisition. The global payment processing giant announced last Thursday that it has agreed to acquire Swift Financial, which provides small business owners with working capital. According to Swift Financial, the company has provided funding to over 20,000 small businesses.

PayPal CEO Darrell Esch wrote, "We know and value Swift's technology platform and people, and we believe their talent and capabilities will further strengthen our overall merchant value proposition. Building upon an existing commercial relationship, the acquisition of Swift Financial will enable us to better serve small businesses by enhancing our underwriting capabilities to provide access to affordable business financing solutions to more businesses to help them grow and thrive."

Terms of the deal have not been disclosed.

Access RDI's PayPal Holdings, Inc. Research Report at:
https://ub.rdinvesting.com/news/?ticker=PYPL

Our Actionable Research on Netflix, Inc. (NASDAQ: NFLX) and PayPal Holdings, Inc. (NASDAQ: PYPL) can be downloaded free of charge at Research Driven Investing.

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