Stripe is reportedly eyeing deal to buy some or all of PayPal
TechCrunch • • business
Key Points:
- Stripe is reportedly in early-stage talks to potentially acquire some or all of PayPal Holdings, though the deal is not guaranteed to happen.
- Stripe announced a tender offer valuing the company at $159 billion, marking a 74% increase from the previous year, with investors including Andreessen Horowitz and Thrive Capital participating.
- The company plans to buy back some of its stock and remains one of the most valuable private firms, with CEO Patrick Collison stating that going public is not a current priority.
- PayPal, a publicly traded company with a market cap of around $40 billion, saw a slight increase in its stock price following news of Stripe’s acquisition interest.
- Stripe declined to comment on the acquisition talks.
