PayPal Shares Jump Again After "Large Rival" Suitor Revealed As Stripe
Update (1558ET):
Bloomberg reports that payment processor Stripe has expressed interest in PayPal, a day after the outlet first reported that a "large rival" suitor was exploring a takeover of the payments platform.
Bloomberg:
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STRIPE IS CONSIDERING AN ACQUISITION OF ALL OR PARTS OF PAYPAL
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STRIPE HAS EXPRESSED PRELIMINARY INTEREST: SOURCES
Before the first Bloomberg report hit, PayPal shares in New York were at 2017 lows (with a market capitalization of around $37 billion) and were down more than 85% from the 2021 high of $291.48.
Shares have jumped as much as 18% since the initial report was released late Monday morning.
Bloomberg noted, "The deliberations are still early and there's no certainty they'll lead to a transaction."
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PayPal shares were briefly halted due to volatility and are now up 9% after a Bloomberg report said the digital payments firm is attracting takeover interest from potential buyers, as the stock slid to a decade low. The report, based on unnamed sources, has not been confirmed by PayPal.
Interest in a PayPal takeover is in the early stages, according to people familiar with the matter. They say the company has met with banks amid unsolicited interest from suitors.
The sources described one of the suitors as " "large riv"l" looking to purchase the entire digital payments firm, while others are only interested in certain PayPal assets.
Before the news hit, PayPal shares in New York were at 2017 lows (with a market capitalization of around $37 billion) and down more than 85% from the 2021 high of $291.48. Year to date, shares are down 30%.
Wall Street analysts are largely neutral on the stock, with 1" "Buy"," 3" "Hold"," and si" "Sell"." The average 12-month price target is $50.08.
PayPal was one of the pioneers of digital payments, but has been losing market share as consumers shift to alternatives like Apple Pay and Google Pay.
Bloomberg notes a leadership shakeup of the firm is underway, with board chair Enrique Lores set to become president and CEO on March 1, following the ouster of Alex Chriss earlier this month. The latest earnings have disappointed, with quarter four profit and revenue missing estimates and signs of a continued slowdown in payment volume.
Tyler Durden
Tue, 02/24/2026 – 15:58