Semafor indicated that PayPal might not be seeking a takeover, referencing individuals familiar with the subject.
In the initial days of this week, Bloomberg conveyed information that Stripe evinced a desire to acquire a portion or the entirety of PayPal Holdings, which encompasses the principal offering, PayPal, along with its associated services, and also various other entities such as Venmo. Stripe chose not to provide a statement regarding this development.
However, undisclosed sources informed Semafor that the firm has been collaborating with financial advisors in readiness for a potential shareholder activism drive or an unfriendly corporate acquisition. These financial advisors were collaborating with Alex Chriss, PayPal’s recently removed chief executive, the publication stated. The firm’s incoming chief executive is set to commence their role next week, as announced by PayPal.
PayPal failed to reply to TechCrunch’s inquiry for a statement.
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