PayPal Holdings is reportedly receiving unsolicited takeover interest following a significant 46% decline in its stock over the past year. According to Bloomberg, the payments giant is in discussions with banks to evaluate buyout proposals from unnamed investors, including a potential full acquisition by an industry rival. While no deal is guaranteed, the news has led to a 6% rise in PayPal's stock.
Despite recent challenges, PayPal's foray into digital assets has shown progress. Its stablecoin, PayPal USD (PYUSD), has reached a market capitalization of over $4 billion, ranking as the sixth-largest stablecoin globally. The company has also expanded its crypto payments infrastructure, introducing features like shareable payment links and a blockchain-based settlement service, "Pay with Crypto."
PayPal Attracts Takeover Interest Amid 46% Stock Decline
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