PayPal paused the sale of its venture capital portfolio valued between $900 million and $1 billion.
The company rejected initial bids after they failed to meet internal valuation targets. This decision reflects a broader decline in market valuations for fintech companies.
PayPal previously decided to wind down its PayPal Ventures arm as part of a corporate restructuring. The company is exploring secondary-market sales to streamline operations and refocus on its core business.