"Unnamed sources tell Semafor that the company has been working with bankers in preparation for a possible activist investor campaign or a hostile takeover. The bankers were working with Alex Chriss, PayPal's now-ousted CEO, the outlet reported."
"Earlier this week, Bloomberg reported that Stripe expressed interest in buying some or all of PayPal Holdings, which includes the flagship product PayPal and its services, as well as other companies like Venmo."
PayPal has been working with bankers in preparation for potential activist investor campaigns or hostile takeover situations, contrary to earlier reports suggesting the company was pursuing acquisitions. This preparation occurred under former CEO Alex Chriss's leadership. The development comes after Bloomberg reported that Stripe expressed interest in acquiring PayPal or its components, including Venmo. PayPal's new CEO is set to begin next week. The company has not publicly commented on these strategic preparations or acquisition discussions.
Read at TechCrunch
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