Activist Elliott Management Holds Stake in PayPal

The company’s market value is roughly $89 billion.Photo: Justin Sullivan/Getty Images


Cara Lombardo, Dana Cimilluca and Juliet Chung

Activist investor Elliott Management Corp. has a stake in PayPal Holdings Inc., according to people familiar with the matter.

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.

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