TechAxios1h ago
PayPal has paused plans to sell its VC portfolio for $900M-$1B
Sources: PayPal has paused plans to sell its VC portfolio for $900M-$1B after bids came in lower than hoped, months after deciding to wind down PayPal Ventures
TL;DRPayPal shelved its $900M-$1B VC portfolio sale after receiving disappointing bids.
Why it matters: Signals weakening appetite for late-stage startup portfolios amid venture funding downturn.
PayPal has paused plans to sell its venture capital portfolio for around $900 million to $1 billion, Axios Pro has learned from multiple sources.
Read full articleSource: Axios · Opens in new tab