PayPal might not be looking to sell itself: Report


PayPal may not be pursuing an acquisition, Semafor reported, citing people familiar with the matter. 

Earlier this week, Bloomberg reported that Stripe expressed interest in buying some or all of PayPal Holdings, which includes the flagship product PayPal and its services, as well as other companies like Venmo. Stripe declined to comment on the news. 

But unnamed sources tell Semafor that the company has been working with bankers in preparation for a possible activist investor campaign or a hostile takeover. The bankers were working with Alex Chriss, PayPal’s now-ousted CEO, the outlet reported. The company’s new CEO starts next week, PayPal has said. 

PayPal did not respond to TechCrunch’s request for comment.



Source link

  • Related Posts

    These Are Our Absolute Favorite Android Earbuds, and They’re Below $200

    If you’re an esteemed Android user like me, and you felt left out of yesterday’s deal on the AirPods Pro 3, I’ve got you covered today with an even bigger…

    Jack Dorsey just halved the size of Block’s employee base — and he says your company is next

    Jack Dorsey has long been an open admirer of Elon Musk. Now, it seems, he may have been taking notes. On Thursday, Dorsey announced that Block, the payments company he…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Jo Ann Bland, Child Activist in Civil Rights Struggle, Dies at 72

    These Are Our Absolute Favorite Android Earbuds, and They’re Below $200

    These Are Our Absolute Favorite Android Earbuds, and They’re Below $200

    Canadian father enduring cold, poor food and water in Texas ICE detention centre

    Canadian father enduring cold, poor food and water in Texas ICE detention centre

    Hamilton cop charged with possessing child sexual abuse materials worked as school liaison officer, board says

    Hamilton cop charged with possessing child sexual abuse materials worked as school liaison officer, board says

    Ousted Venezuelan leader Nicolás Maduro asks judge to toss indictment

    Ousted Venezuelan leader Nicolás Maduro asks judge to toss indictment

    Former Boeing Execs Join Startup Vowing To Outbuild The 737 MAX

    Former Boeing Execs Join Startup Vowing To Outbuild The 737 MAX