PayPal pops nearly 7% on report fintech startup Stripe is weighing an acquisition
Summary
Stripe is reportedly weighing an acquisition of PayPal, considering buying all or some segments of the payments business, according to a Bloomberg report. PayPal's stock jumped nearly 7% on the news as discussions are said to be in early stages and both companies declined to comment. The development follows heightened buyer interest after PayPal's weak performance, recent leadership changes—Enrique Lores was named CEO—and a sharp share decline this year. Stripe has strengthened its position with a $159 billion valuation after a secondary sale, expanded its revenue suite toward a $1 billion run rate for non-payments services, and recently acquired billing startup Metronome.
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Fintech & Banking
applications
ERP & Process Management
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Financial Software
SaaS
Data & Analytics
