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PayPal Shares Jump Again After "Large Rival" Suitor Revealed As Stripe
PayPal Shares Jump Again After "Large Rival" Suitor Revealed As Stripe
Update (1558ET):
Bloomberg reports that payment processor Stripe has expressed interest in PayPal, a day after the outlet first reported that a "large rival" suitor was exploring a takeover of the payments platform.
Bloomberg:
STRIPE IS CONSIDERING AN ACQUISITION OF ALL OR PARTS OF PAYPAL
STRIPE HAS EXPRESSED PRELIMINARY INTEREST: SOURCES
Before the first Bloomberg report hit, PayPal shares in New York were at 2017 lows (with a market capitalization of around $37 billion) and were down more than 85% from the 2021 high...
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