Feb 23 (Reuters) – PayPal is attracting takeover interest from potential buyers after a stock slide wiped out almost half of its value, Bloomberg News reported on Monday, citing people familiar with the matter.
The payments firm has fielded meetings with banks amid unsolicited interest from suitors, the report said, adding that at least one large rival is looking at the whole company, while some other suitors are only interested in certain PayPal assets.
PayPal declined to comment on the report. Reuters could not independently verify the report.
Shares of the company were last up 9% in late-morning trading. It has a market capitalization of roughly $38.35 billion, according to data compiled by LSEG.
(Reporting by Manya Saini in Bengaluru; Editing by Shilpi Majumdar)
Comments