Stripe, valued at $159 billion, is reportedly considering acquiring PayPal or parts of the company, according to Bloomberg. PayPal shares jumped nearly 7% on the news. PayPal, valued at over $40 billion, has been struggling with slowing growth, a recent CEO ouster, and competitive pressure from Apple and Google in digital payments. Both companies declined to comment.
•2m read time• From techcentral.co.za
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