PayPal may not be attempting a takeover, Semaphore reportedCiting people familiar with the matter.
Earlier this week, Bloomberg reported that Stripe expressed interest Buying some or all of PayPal’s holdings, including core products PayPal and its services, as well as other companies such as Venmo. Stripe declined to comment for this story.
But unnamed sources told Semaphore that the company is working with bankers in preparation for a potential activist investor campaign or hostile takeover. were working with bankers Alex Chris, Paypal The now-ousted CEO, the outlet reported. Appointment of new CEO of the company next week Paypal said.
PayPal did not respond to TechCrunch’s request for comment.
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