PayPal attracts takeover interest after stock slide, Bloomberg News reports

try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Dystopian AI report sinks payment and software stocks Gold prices rise on Trump tariff jitters; Russia sold gold holding in January These 2 chip stocks are new Top Picks at Citi Dow slides 700 points on Trump tariff turmoil, Nasdaq falls on AI research report (South Africa Philippines Nigeria) PayPal attracts takeover interest after stock slide, Bloomberg News reports By Reuters Stock Markets Published 02/23/2026, 11:40 AM Updated 02/23/2026, 12:12 PM PayPal attracts takeover interest after stock slide, Bloomberg News reports 0 PYPL 6.90% Feb 23 - Digital payments company PayPal is attracting takeover interest from potential buyers after a stock slide, 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. Buyer interest in PayPal is still at a preliminary stage and may not lead to a transaction, the Bloomberg report said. PayPal, which has a market capitalization of more than $38 billion, declined to comment on the report. Reuters could not independently verify the report. Shares of the company were last up 7% in afternoon trading. They have lost about 85% of their value since hitting a record high in mid-2021. Earlier this month, PayPal replaced CEO Alex Chriss, who was appointed to steer the payments firm through slowing growth and intensifying competition. It issued a weak profit forecast for 2026 that fell well short of Wall Street expectations. The company’s board, which named Chair Enrique Lores as its new president and CEO, had said the pace of change and execution under Chriss was not in line with its expectations. PayPal also flagged weaker retail spending as shoppers, squeezed by elevated interest rates, persistently high cost of livin...