PayPal is reportedly in active discussions about a possible acquisition by Stripe and the private equity firm Advent. The talks are described as ongoing as the payments company’s new CEO works on efforts to turn PayPal’s performance around.
Both outlets reference prior interest and an earlier bid from Stripe and Advent. Free Malaysia Today adds that the companies previously made a joint offer of US$60.50 per share, which would value PayPal at about US$53 billion. TechCrunch focuses more on the fact that negotiations are “heating up” around the potential sale, emphasizing the role of PayPal’s leadership change and turnaround efforts, while Free Malaysia Today highlights the reported valuation and offer terms.
