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Stripe Is Considering Acquisition of All or Parts of PayPal, Bloomberg ...
Stripe's $159 billion valuation follows a secondary stock sale as it explores acquiring PayPal, whose market value has dropped to around $40 billion amid slowing growth.
- On Tuesday, Bloomberg reported Stripe is considering buying some or all of PayPal Holdings, but discussions remain in very early stages and may not lead to a deal.
- PayPal Holdings, publicly traded with a market cap near $40 billion, has struggled in recent years, its stock tumbling about 80%, and plunged earlier this month on weak profit guidance.
- Following a secondary sale, private payments firm Stripe hit a $159 billion valuation on Tuesday, with investors Andreessen Horowitz and Thrive Capital buying employee shares.
- PayPal's stock surged nearly 7% on Tuesday after buyout chatter and rose again late Tuesday on Stripe's reported interest.
- Stripe has pushed deeper into crypto, working with Paradigm on Tempo and acquiring Bridge for $1.1 billion in 2024, enhancing its stablecoins and payments-focused blockchain capabilities.
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19 Articles
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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Stripe reportedly in talks to buy PayPal in potential $60B takeover deal - Tech Startups
Stripe may be sizing up one of the biggest fintech deals ever. PayPal shares jumped nearly 7% Tuesday after Bloomberg reported that the privately held payments giant is in early discussions about buying the company in a transaction that could exceed […] The post Stripe reportedly in talks to buy PayPal in potential $60B takeover deal first appeared on Tech Startups.
Coverage Details
Total News Sources19
Leaning Left0Leaning Right4Center6Last UpdatedBias Distribution60% Center
Bias Distribution
- 60% of the sources are Center
60% Center
C 60%
R 40%
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