PayPal draws takeover interest following 46% stock slide: Report
After a yearlong share slump, PayPal is fielding buyout approaches as rivals weigh asset sales and a possible full acquisition, according to Bloomberg.
PayPal Holdings has reportedly attracted unsolicited takeover interest after a prolonged stock slump left the payments giant trading well below recent highs, signaling that competitors were looking to consolidate their footprint in the digital payments space.
Citing people familiar with the matter, Bloomberg reported Monday that PayPal has been meeting with banks to review buyout approaches from unnamed investors. One potential bidder — described as an industry rival — is said to be exploring an acquisition of the entire company, while others have expressed interest in specific PayPal assets.
There is no guarantee a deal will materialize, and discussions remain at an early stage, the report said.