Klarna jumps after $1.5 bln Google antitrust win
01/07/2026 14:00
BUZZ-Klarna jumps after $1.5 bln Google antitrust win ** 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
(Reporting by Sudeshna Ghoshal)
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