PayPal has received acquisition approaches from rivals as its share price has suffered a prolonged slump, a report said.
PayPal has become a takeover target after its stock plunged over the past year, Cointelegraph reported on Feb. 23, citing Bloomberg News.
Bloomberg, citing multiple sources, reported that PayPal held review meetings with banks in response to takeover feelers. One potential acquirer, described as an industry rival, is considering buying the entire company, while others have shown interest in purchasing certain assets. Discussions are at an early stage and it is not clear whether a deal will be reached, Bloomberg reported.
PayPal shares jumped after the report, but did not recover a 46 percent drop over the past year.
PayPal has faced both management changes and weak performance over the past year. Against that backdrop, CEO Alex Chriss (알렉스 크리스) stepped down, citing weak fourth-quarter 2025 results, and the HP CEO was appointed as his successor.
Chi-gyu Hwang
delight@d-today.co.kr