“PayPal president and CEO Dan Schulman told a German business daily, Handelsblatt, that the spending spree the company has been on in over the past few years (five acquisitions in the past 24 months) is not slowing down yet, reports David Penn at Finovate. “We have a healthy balance sheet and we are ready to put it to work to buy more companies,” Schulman told Handlesblatt this week, adding that the company was prepared to invest up to $3 billion a year on acquisitions geared toward “specific capabilities”.