PayPal Looks for More Strategic Investments After Uber Deal

The chief executive officer of PayPal Holdings Inc. said he would make more strategic deals similar to the recent $500 million investment in Uber Technologies Inc.

PayPal agreed to buy Uber’s stock in a private placement in April, prior to the ride-hailing giant’s initial public offering. Dan Schulman said the payments company is a long-term investor, and was still keen on building new products with Uber.

Read More: Bloomberg