PayPal is reportedly attracting takeover interest from potential buyers after its stock value plummeted, losing nearly half its worth. The payments firm has engaged with banks regarding unsolicited approaches from suitors. At least one major competitor is reportedly considering acquiring the entire company, while others are eyeing specific PayPal assets.
PayPal's shares saw a significant increase of 9% in late-morning trading. The company currently holds a market capitalization of approximately $38.35 billion.