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Paypal to spend $3 billion a year on M&A - CEO to German paper

Reuters  |  FRANKFURT 

FRANKFURT (Reuters) - PayPal Holdings Inc is on the lookout for further acquisitions following its recent takeover of iZettle, the Swedish fintech startup, for $2.2 billion, in the U.S. payments company's biggest ever deal."We have a healthy balance sheet and we are ready to put it to work to buy more companies," President and CEO Dan Schulman told Germany's Handelsblatt business daily in an interview .Paypal is ready to invest up to $3 billion a year on acquisitions that enable it to acquire specific capabilities, Schulman added."I wouldn't rule out that we take on a bigger deal if there's a ...

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First Published: Sun, July 08 2018. 23:55 IST