BlockBeats News, February 25th, according to Bloomberg, citing people familiar with the matter, payment processing company Stripe is considering acquiring PayPal’s entire or part of the assets.
The sources said the discussions are still in the early stages, and it is uncertain whether a deal will be reached. Representatives for both Stripe and PayPal declined to comment.
On Tuesday, PayPal fell 6.7% to $47.02 in New York, with a market value of about $43.3 billion. Founded in the late 1990s, PayPal was once a pioneer in digital payments but has faced challenges in payment technology modernization in recent years due to competition from rivals such as Apple and Google.
Stripe, founded by brothers Patrick and John Collison, has become one of the most sought-after players in the industry. Earlier on Tuesday, Stripe announced a valuation of $159 billion through an employee tender offer.
