Paypal looking for things to buy...maybe XAU?As it prepares for its July 17 split from eBay (NASDAQ:
EBAY), PayPal (Pending:
PYPL) is on the hunt for international acquisitions to drive growth and fend off predators, chief executive Dan Schulman told the
FT. "The balance sheet affords us the opportunity to look opportunistically where it makes sense to acquire," said Schulman. "I think there is a tremendous opportunity to look across the world." Last week PayPal announced it would spend nearly $1B to purchase Xoom, a digital money transfer provider, and more acquisitions now seem to be on the horizon.