00:00It's Benzinga bringing Wall Street to Main Street.
00:02Stripe is considering an acquisition of all or parts of PayPal holdings,
00:06according to Bloomberg. Stripe has expressed preliminary interest in a potential deal,
00:11though discussions are early and may not lead to a transaction.
00:15Representatives for both companies declined to comment. PayPal shares closed up 6.7%
00:20at $47.01 on Tuesday, giving the company a market value of $43.3 billion.
00:28Founded in the late 1990s as an early digital payments company,
00:32PayPal has struggled to modernize its technology as Apple and Alphabet have gained market share.
00:37PayPal's fourth quarter profit and revenue missed analysts' estimates and showed a
00:42continued slowdown in payment volume. Stripe announced the same day it reached a $159
00:47billion valuation and an employee tender offer. For all things money, visit Benzinga.com.
Comments