As PayPal (PYPL) fights for position in the increasingly competitive payments market, it helps that the company’s wallet is bulging with $6.4 billion in cash and equivalent investments.
Historically, the eBay (EBAY) spin off has been willing to spend to achieve its goals and acquisitions are likely to remain part of its repertoire.
“Their main lines of business are powered by acquisitions,” said SNL Financial analyst Kellsy Panno.
