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PayPal reportedly not planning to sell itself
PayPal may not be actively seeking to sell itself, Semafor reported, citing people familiar with the matter.
Earlier, Stripe expressed interest in acquiring some or all of PayPal Holdings Ltd., including its main platform and business units like Venmo, but Stripe declined to comment.
Semafor’s sources said bankers were working with Alex Chriss, whom Semafor described as PayPal’s now-ousted CEO, to prepare for a possible activist investor campaign or hostile takeover.
PayPal said its new CEO starts next week.
🔗 Source: TechCrunch
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PayPal’s struggles fueled takeover talk
- Semafor said bankers worked with Alex Chriss, whom Semafor called PayPal’s now-ousted CEO, on plans for a possible activist investor campaign or hostile takeover. PayPal said its new CEO starts next week 1.
- Bloomberg said Stripe looked at buying some or all of PayPal, including its main payments platform and units such as Venmo. Stripe declined to comment, and the company did not respond to TechCrunch’s request for comment 2.
- Semafor said PayPal may not be seeking a sale 1.
The interest remains early deal talk, not a confirmed consolidation wave
Recent PayPal developments
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