BlockBeats News, February 27th, According to American financial media Semafor citing sources familiar with the matter, PayPal is currently not in talks with Stripe or any other company regarding a sale, and has been working with investment banks for several months to prepare for potential activist shareholder actions or unwelcome takeover bids.
Sources said the move came after a sharp drop in PayPal’s stock price, with management concerned that this could leave the company vulnerable. Bankers initially began working with PayPal during the tenure of former CEO Alex Chriss (who was dismissed earlier this year).
