PayPal Isn’t Selling: Inside the Stripe Takeover Rumors

PayPal is not currently looking to sell itself, according to a Semafor report citing sources familiar with the matter, directly countering recent market speculation of a buyout by rival payment giant Stripe.

The Stripe Acquisition Rumors

The clarification follows a Bloomberg report earlier this week suggesting that Stripe had expressed interest in acquiring either a portion or the entirety of PayPal Holdings. Such a transaction would have encompassed PayPal’s core brand alongside its digital payment ecosystem, including Venmo. Stripe has declined to comment on the acquisition rumors.

Defending Against Hostile Takeovers

Rather than negotiating a merger, insider sources reveal that PayPal has been collaborating with investment bankers to fortify its defenses. The company is reportedly preparing for potential activist investor campaigns or hostile takeover attempts.

These strategic defensive measures were initiated under Alex Chriss, PayPal’s recently ousted CEO. The company is currently transitioning its leadership, with a newly appointed CEO scheduled to take charge next week. PayPal has not yet responded to requests for comment regarding these defensive preparations.