https://www.investing.com/news/assorted/paypal-halted-on-circuit-breaker-following-takeover-report-432SI-4519451
PayPal Holdings has reportedly attracted unsolicited takeover interest after a prolonged stock slump left the payments giant trading well below recent highs, signaling that competitors were looking to consolidate their footprint in the digital payments space.
Citing people familiar with the matter, Bloomberg reported Monday that PayPal has been meeting with banks to review buyout approaches from unnamed investors. One potential bidder — described as an industry rival — is said to be exploring an acquisition of the entire company, while others have expressed interest in specific PayPal assets.
There is no guarantee a deal will materialize, and discussions remain at an early stage, the report said.
Shares jumped following the news, but the rebound only partly offsets a bruising year for investors. PayPal stock had fallen roughly 46% over the past 12 months before Monday’s report, according to market data. Shares were up more than 6% on Monday.
https://cointelegraph.com/news/paypal-buyout-approaches-share-decline-report