Bloomberg reports that Stripe is in early acquisition talks with PayPal as the payments giant has battled competition, leadership turmoil and an 85% stock drop from its peak.
Payment processing firm Stripe is reportedly considering an acquisition of all or parts of its rival PayPal Holdings.
Stripe is in early talks and has expressed preliminary interest in PayPal or parts of its business, though no deal is guaranteed, Bloomberg reported on Tuesday, citing people familiar with the matter.
Stripe, which enables enterprises to accept payments, make payouts, and automate financial processes, said on Tuesday that it was valued at $159 billion in a tender offer to shareholders and employees, a 74% jump from a year ago.
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Author: Martin Young
