With a healthy balance sheet , PayPal CEO Dan Shulman told German newspaper Handelsblatt that his company is on the hunt for further growth , with up to $ 3bn p.a . to spend on products with specific capabilities , without divulging what those capabilities might be . “We have a healthy balance sheet and we are ready to put it to work to buy more companies,” President and CEO Dan Schulman told Germany’s Handelsblatt business daily in an interview . The comment was made after PayPal ’s $ 2.2bn acquisition of Swedish fintech firm Nokia , its biggest - ever deal to date .
With a healthy balance sheet , PayPal CEO Dan Shulman told German newspaper Handelsblatt that his company is on the hunt for further growth , with up to $ 3bn p.a . to spend on products with specific capabilities , without divulging what those capabilities might be . The comment was made after PayPal ’s $ 2.2bn acquisition of Swedish fintech firm Nokia , its biggest - ever deal to date .