PayPal Ventures to Wind Down Operations as Restructuring Continues
PayPal has announced plans to wind down its corporate venture arm, PayPal Ventures. The decision follows a leadership change and ongoing restructuring efforts under new CEO Enrique Lores. The venture firm, which raised $850 million across three funds, will pause new investments while the company explores strategic options.
Tickers: $PYPL
Topics: corporate restructuring executive changes PayPal venture capital