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Activist Elliott Investment Holding Truce Talks With PayPal

The PayPal logo on a smartphone.

The PayPal logo on a smartphone.

Photographer: Gabby Jones/Bloomberg

Elliott Investment Management is holding discussions with PayPal Holdings Inc. over an agreement that would see the activist investor have a hand in determining the future direction of the company, according to people familiar with the matter. 

Talks between Elliott and PayPal are amicable and could result in the activist investor getting representation on the board, the people said, asking not to be identified because the matter is private. An agreement could be announced in the coming days, they said. The talks are ongoing and could still fall apart, they added.