BUZZ-Klarna jumps after $1.5 bln Google antitrust win

Klarna Group Plc
Alphabet Inc. Class A
Match Group, Inc.

Klarna Group Plc

KLAR

0.00

Alphabet Inc. Class A

GOOGL

0.00

Match Group, Inc.

MTCH

0.00

** Swedish "buy now, pay later" services provider Klarna KLAR.N shares up 6.9% to $21.58 in premarket trading

** Stock set to open at about five-month high, if gains hold

** Swedish court directs Google GOOGL.O to pay about $1.5 billion (14.3 billion Swedish crowns) in antitrust damages to KLAR's price comparison company PriceRunner

** PriceRunner sued Google in 2022 for about $2.4 billion(€2.1 billion) on allegations of manipulating search results

** 14 of 23 brokerages rate KLAR "buy" or higher, nine "hold"; their median PT is $21.50

** Up to last close, KLAR is down about 46% from its IPO price of $40


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