The Wall Street Journal: Activist investor Elliott Management takes stake in PayPal

The size of Elliott’s stake and its intentions couldn’t be learned. PayPal has roughly $8 billion of cash and short-term investments and not much more debt; activists are frequently drawn to companies they say could allocate capital more aggressively.

Advertisements

Read More

Previous post U.S. women's team has new vibe, work to do before World Cup
Next post Aaron Rodgers draws comparisons to Nic Cage's 'Con Air' character as he reports to camp