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CEO refutes PayPal sale rumors

PayPalHoldings Inc. CEO Dan Schulman dispelled rumors that the company isconsidering a sale, the Silicon ValleyBusiness Journal reported July 13.

PayPal has neither confirmed nor denied speculations of apotential buyout by legacy payment companies such as , according to thereport.

PayPal is the leadingapp for paying bills and sending/receiving money, according to SNLFinancial's 2016 mobile payment survey reported in March.

SNL Financial is partof S&P Global Market Intelligence.