Sources: PayPal to shutter its 10-year-old PayPal Ventures arm amid a broader shakeup under a new CEO and has hired Jefferies to explore selling some positions (Ben Weiss/Fortune)

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Ben Weiss / Fortune:
Sources: PayPal to shutter its 10-year-old PayPal Ventures arm amid a broader shakeup under a new CEO and has hired Jefferies to explore selling some positions  —  PayPal is shuttering its 10-year-old venture team amid a broader corporate shakeup, according to five sources familiar with the matter.

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