PayPal Holdings Inc. shares are up 1.7% in Thursday trading after reports indicated that the company was close to an acquisition deal for iZettle, a Swedish financial-technology company. Sky News first reported on the potential acquisition and said that a deal announcement could come as early as Friday morning. The Wall Street Journal also reported on the deal talks, writing that PayPal might pay $2.2 billion for iZettle and announce the deal as soon as Thursday. iZettle sells card readers to small businesses in Europe, where Square Inc. is trying to build a presence. PayPal didn't immediately return MarketWatch's request for comment. PayPal shares are up 62% over the past 12 months, while the S&P 500 has gained 15%.