Bloomberg revealed the takeover bidders for the slumping PayPal. Shares soared

Fintech company PayPal Holdings has attracted interest from potential buyers after its capitalization nearly halved, sources told Bloomberg.

According to their data, PayPal representatives have held meetings with banks to discuss the received offers. At least one major competitor is considering a takeover of the entire company, while others are interested only in individual assets, the agency's interlocutors said. The buyers' interest is still at a preliminary stage and may not lead to a deal, they warned. A PayPal spokesman declined to comment to Bloomberg.

The PayPal payment system was founded in the late 1990s and became one of the pioneers in digital payments. However, it is now in a difficult situation: customers are increasingly choosing alternative payment methods, such as Apple Pay and Google Pay, explains Bloomberg. Over the past 12 months, PayPal's shares have fallen in price by about 42%, which reduced the company's market capitalization to $38.4 billion. Since the beginning of 2026, it has already lost a quarter of its value.

PayPal CEO Alex Kriss was resigned in early February after his plan to revitalize the business failed to meet expectations. The company's fourth-quarter net income and revenue came in below analysts' forecasts. The reporting showed a continued slowdown in payment volume. On March 1, Criss will be replaced at the helm of PayPal by Enrique Lores, chairman of its board of directors and head of technology corporation HP.

After the publication of Bloomberg's report about buyers' interest in PayPal, the company's shares jumped more than 9%, but then slowed to 5%, trading near the $44 mark. The company's papers took the lead in the S&P 500 index, while the three major U.S. stock indexes declined amid continued uncertainty surrounding the fate of Donald Trump's duties, Barron's noted.

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