Shares of PayPal (PYPL) surged in afternoon trading after Bloomberg’s Ryan Gould, Matthew Monks, Dinesh Nair, and Emily Mason reported that Stripe is considering an acquisition of all or parts of PayPal, according to people familiar with the matter. Stripe has expressed preliminary interest in a potential acquisition, sources told Bloomberg. The deliberations are still early, the people added. Near the close, PayPal shares are up roughly 7% at $47.13.
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Read More on PYPL:
- Stripe considering potential acquisition of PayPal, Bloomberg says
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- Stripe has expressed preliminary interest in PayPal, Bloomberg says
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