Rumors of Stripe's acquisition of PayPal.. Is the historic fintech deal about to explode?!
Bloomberg (February 24): Stripe (valued at $159 billion) has shown initial interest in buying PayPal in full or in parts (Braintree or Venmo).
The stock jumped +7% immediately.. then collapsed after Semafor's denial (February 26):
PayPal is not in talks to sell with Stripe or anyone else, and has been cooperating with investment banks for months to prepare for:
- Active investor campaigns
- Or a hostile takeover!"
New today (February 27): PayPal is preparing to defend itself, and the new CEO Enrique Lores starts March 1.
From a crypto perspective:
Stripe is expanding aggressively into stablecoins, and PayPal owns PYUSD.. Potential deal = a huge boost for digital payments and crypto!