Stripe is considering a deal to buy some or all of PayPal’s holdings, Sources told BloombergHowever, the talks are still in the initial stages and a deal may not be reached.
News comes the same day Stripe Released its annual letter, Giving updates on business. The big news was that Stripe making a tender offer This values the company at $159 billion, up 74% from last year. This time, investors buying employee shares include Andreessen Horowitz and Thrive Capital. Stripe will also buy back some stock, the letter said.
The latest valuation again makes Stripe one of the most valuable private companies in the industry. Co-founder and CEO of Stripe, based in Dublin, Patrick Collison told CNBC Going public was not on his list of priorities recently. PayPal Holdings (which includes the core products PayPal and its services, As well as other companies like Venmo) is cIt is currently a publicly traded company with a market capitalization of approximately $40 billion.
PayPal’s stock rose slightly after reports of Stripe’s interest in an acquisition. Stripe declined to comment.
