Fintech giant Stripe circles possible PayPal acquisition: Bloomberg
Stripe has reportedly shown preliminary interest in acquiring all or part of digital payments pioneer PayPal, according to Bloomberg.Summary
Payment processor Stripe, which has been increasingly involved in cryptocurrency, has reportedly expressed preliminary interest in acquiring all or a portion of PayPal or its assets, citing anonymous sources via a Bloomberg report. This news comes as Stripe recently secured agreements with investors for a tender offer that values the private company at $159 billion. PayPal, a pioneer in online payments, has faced stiff competition from newer entrants like Stripe and has been working to maintain relevance amid the digital asset boom. Both companies have shown interest in crypto; Stripe acquired stablecoin platform Bridge, while PayPal launched its PYUSD stablecoin in partnership with Paxos. PayPal's stock (PYPL) saw a spike following the takeover interest reports, despite being down nearly 40% over the past year.
(Source：The Block)