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Stock impact report

PayPal Attracts Takeover Interest After Stock Slump [Yahoo! Finance Canada]

PayPal Holdings, Inc. (PYPL) 
Last paypal holdings, inc. earnings: 1/29 04:15 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.paypal-corp.com
Most Read from Bloomberg Buyer interest in PayPal is still at a preliminary stage and may not lead to a transaction, the people cautioned. A representative for PayPal declined to comment. Founded in the late 1990s, PayPal was an early mover in the world of digital payments. But the company now finds itself in a rut with its customers increasingly turning to alternative ways to pay for things. PayPal's shares, which had fallen around 46% over the past year, were up 6.6% to $44.38 at 1:36 p.m. Monday in New York trading, giving the company a market value of about $40.9 billion. Current board chair Enrique Lores is due to take up the role as president and chief executive officer of PayPal on March 1. He will have to address the company's failure to modernize its payments technologies and the loss of market share to rivals such as Apple Pay and Google Pay. Former CEO Alex Chriss was ousted this month after his turnaround plan fell short. The company's fourth-quarter profit and Show less Read more
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