PayPal jumps after report firm attracts takeover interest
23/02/2026 16:42
** Payments firm PayPal's PYPL.O shares jump 7.5% to $44.79
** PYPL 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
** Firm has fielded meetings with banks amid unsolicited interest from suitors, the report said
** PYPL did not immediately respond to a Reuters request for comment
** PayPal earlier this month replaced its CEO Alex Chriss, with the board saying pace of change and execution under Chriss was not in line with its expectations
** As of last close, PYPL stock down 28.7% YTD
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
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