The Wall Street Journal: Activist investor Elliott Management takes stake in PayPal

United States

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.