PayPal may approve activist investor Elliot to board

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Activist investor Elliott Investment Management is negotiating a deal with PayPal, sources said. Under the agreement, Elliott will participate in determining the future direction of PayPal. Negotiations between Elliott and PayPal were amicable, and the former could get a seat on PayPal’s board, according to people familiar with the matter who spoke on condition of anonymity. The two sides are likely to announce the deal in the coming days, the sources said. However, negotiations are still ongoing and could still break down. (Sina Technology)
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