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PayPal Pauses Sale of Venture Portfolio After Bids Fall Short

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PayPal has paused plans to sell a corporate venture capital portfolio valued at about $900 million to $1 billion after bids came in far below expectations. The top offers reportedly valued the assets at roughly 60 cents on the dollar, implying potential proceeds of $540 million to $600 million. PayPal, which is winding down PayPal Ventures, hired Jefferies to explore options and is considering revisiting a sale if fintech valuations improve.

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