Report: PayPal is unlikely to pursue a sale despite speculation
A new report suggests PayPal is not actively exploring a sale, as the company focuses on improving growth, payments innovation, and strengthening its position in digital finance.
PayPal does not appear to be actively exploring a deal, according to a Semafor report that cited people familiar with the situation.
The update follows Bloomberg's earlier reporting this week, which said Stripe had shown interest in purchasing some or all of PayPal Holdings. That umbrella includes PayPal's core payments product and services, as well as other businesses, such as Venmo. Stripe declined to comment on the Bloomberg report.
However, sources who spoke to Semafor said PayPal has been working with bankers as it prepares for the possibility of an activist investor push or even a hostile takeover attempt. Semafor reported that those bankers had been engaged alongside Alex Chriss, PayPal's now-ousted CEO. PayPal has said its new CEO will begin the role next week.
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