SHIFT · US
PayPal halts venture portfolio sale after bids came in at 60 cents on dollar
PayPal paused the planned divestiture of its venture capital portfolio after receiving offers no higher than 60% of book value, per reporting on confidential sources. Holdings include fintech Tabby and crypto investments.
WHY IT MATTERS
Signals deteriorating appetite for fintech/crypto exposure among strategic buyers and the financing arms of large payment companies; may force PayPal to carry illiquid positions longer or write down valuations.
Source: PYMNTS · 2026-09-04