Digital payments company PayPal is reportedly attracting takeover interest from potential buyers after losing more than 40% of its market value over the past year. According to Bloomberg News, citing people familiar with the matter, the San Jose, California-based company has held meetings with banks amid unsolicited interest from suitors. At least one large rival is examining a potential acquisition of the entire company, while other interested parties are focused on specific PayPal assets, the people said.
The sources cautioned that buyer interest remains at a preliminary stage and may not result in a transaction. A PayPal representative declined to comment on the report.
The sharp stock movement reflects market reaction to the potential takeover scenario, which comes after a significant decline in PayPal’s share price over the past year. The stock has declined approximately 46% over the past 12 months, bringing the company’s market value to around $38.4 billion.
PayPal still processes close to $2 trillion in annual transaction volume. It owns Venmo. And it remains one of the few globally recognized payments brands with real infrastructure at scale.
Banking 4.0 – „how was the experience for you”
„To be honest I think that Sinaia, your conference, is much better then Davos.”
Many more interesting quotes in the video below:
