PayPal is also exploring the sale of some of its positions on the secondary market and has hired the investment bank Jefferies to help with potential transactions, said one source familiar with the matter, who declined to be named while talking about private business dealings.
“As part of our continued efforts to sharpen our focus, we are exploring strategic options for our corporate venture capital arm, PayPal Ventures,” a company spokesperson said in a statement. “We don’t have additional details to share at this time.”
A spokesperson for Jefferies didn’t immediately respond to a request for comment.
