BUZZ-PayPal jumps after report firm attracts takeover interest

PayPal Holdings, Inc. +3.34%

PayPal Holdings, Inc.

PYPL

49.57

+3.34%

** 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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