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PayPal stock surges on takeover interest report By Investing.com
PayPal Holdings Inc. shares surged as much as 9% following a Bloomberg report indicating the payments company has attracted takeover interest from potential buyers. Trading was briefly halted due to volatility, and while at least one large rival is reportedly eyeing the entire company, other parties are interested in specific assets. The buyer interest is preliminary and may not lead to a transaction, but the market reacted positively to the news after PayPal’s stock had declined significantly over the past year.