PayPal jumps after report firm attracts takeover interest
ReutersFeb 23, 2026 4:42 PM
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
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