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Stripe is considering acquisition of all or parts of PayPal, Bloomberg News reports
Stripe’s preliminary acquisition talks come as PayPal’s shares rally 7% amid a sharp 85% value drop since 2021 and recent leadership changes.
- Fintech startup Stripe is considering acquiring all or parts of digital payments company PayPal, according to a Bloomberg report citing people familiar with the matter.
- PayPal's stock surged nearly 7% on Tuesday following the report, as the company has faced slowing growth and increased competition in the payments industry.
- Stripe, valued at $159 billion after a recent secondary sale, has grown rapidly and acquired billing startup Metronome in January, but its co-founder said the company isn't aiming for an IPO yet.
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The fintech of the Irish brothers Collison has put his eyes on the payment service founded by Peter Thiel who is in trouble
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Coverage Details
Total News Sources79
Leaning Left6Leaning Right5Center13Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 25%
C 54%
R 21%
Factuality
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