B2B payments platform company Stripe is considering acquiring online payments service PayPal, CNBC reported on Feb. 24 local time, citing Bloomberg News.
PayPal shares jumped nearly 7 percent after the news.
Stripe is considering buying all of PayPal or some of its business units, the report said. The discussions are at an early stage, but buyer interest is rising as PayPal shares have recently plunged, CNBC said.
PayPal and Stripe did not issue an official statement on the matter.
PayPal’s growth has slowed as competition in the fintech industry has intensified, and its shares are down more than 19 percent this year. In 2025, a third of the company’s value evaporated.
Its shares also plunged in early February on a disappointing earnings outlook.
Stripe recently posted a company valuation of $159 billion through a stock sale for employees and shareholders, and it is aiming for $1 billion in annual revenue this year.
Chi-gyu Hwang
delight@d-today.co.kr