**PayPal's new CEO makes Venmo a standalone business unit as potential buyers circle**
PUBLISHED WED, APR 29 2026 2:15 PM EDT
UPDATED 3 MIN AGO
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PayPal is separating Venmo into its own standalone unit for the first time, part of a broader reorganization that creates three distinct segments, CNBC has learned exclusively.
The restructuring comes as PayPal faces takeover interest from potential buyers, including Stripe, with Venmo considered the company's most valuable and most acquirable asset.
Two senior executives are departing amid the changes, and earlier this year PayPal weighed a broad round of layoffs that was put on hold when CEO Enrique Lores stepped in, CNBC is first to report.