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PayPal Pauses Venture Capital Portfolio Sale After Lowball Offers
Source: pymnts.com
M&A & RestructuringPrivate Markets & VentureCompany Fundamentals
PayPal paused its planned sale of its venture capital portfolio after outside offers reportedly topped out at no more than 60 cents on the dollar. The company’s decision suggests buyer demand/valuation for the VC assets has been weak, raising uncertainty around any expected recovery from the portfolio sale.
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