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Stripe is considering acquisition of all or parts of PayPal, Bloomberg News reports
Stripe is exploring acquisition of PayPal or its assets amid PayPal's 85% stock value drop since 2021, with talks in early stages and no guaranteed deal, Bloomberg reported.
- 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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66 Articles
66 Articles
The fintech of the Irish brothers Collison has put his eyes on the payment service founded by Peter Thiel who is in trouble
·Italy
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The title of the payment service provider increased significantly on Tuesday. According to a media report, Stripe is considering buying the last bagged company.
·Düsseldorf, Germany
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Total News Sources66
Leaning Left6Leaning Right5Center11Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 27%
C 50%
R 23%
Factuality
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