Private Equity Gearing Up For PayPal Buy?

Private equity stakeholders are rumored to be mulling an attempt to buy out PayPal from parent eBay Inc.

While nothing is confirmed, private-equity players are alleged to be positioning themselves in case eBay decides to spin off PayPal as a separate company by its owner, The Street reported on Feb. 6.

In an interview, an anonymous banker told The Street that if and when PayPal becomes available to potential stakeholders, the P.E. world will come out swinging.

“It’s a rare asset because you can expect that guys from a number of sectors will come out,” he said of PayPal.

Last month, eBay rejected a call by investor Carl Icahn to spin off PayPal, saying the payments unit is integral to the company’s overall growth strategy.

And last week, news emerged that PayPal might be trying to pitch a payment support deal to Apple as the tech developer gears up for a potential mobile payments launch. Learn more by clicking here.

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