Feb 24 (Reuters) – Payments firm Stripe is considering an acquisition of all or parts of PayPal, Bloomberg News reported on Tuesday, citing people familiar with the matter.
Stripe, which is privately held and is among the industry’s most valuable companies, has expressed a preliminary interest in a potential acquisition of the digital payments pioneer or its assets, the report said.
PayPal shares jumped 7% in late-afternoon trading on the news. The company has a market valuation of over $40 billion, according to LSEG data.
PayPal did not immediately respond to a Reuters request for comment, while Stripe declined to comment. Reuters could not independently verify the report.
(Reporting by Manya Saini in Bengaluru; Editing by Shinjini Ganguli)
