Stripe is considering a deal to purchase some or all of PayPal Holdings, sources told Bloomberg, though talks are still of their very early stages and the deal may not occur.
The news comes the identical day Stripe released its annual letter, giving updates on the business. The massive news was that Stripe is making a young offer that values the corporate at $159 billion, a 74% increase from last 12 months. The investors buying worker shares this time around include Andreessen Horowitz and Thrive Capital. Stripe will even buy back some stock, the letter said.
The most recent valuation again makes Stripe one in every of the industry’s most respected private firms. Based in Dublin, Stripe’s co-founder and CEO, Patrick Collison, told CNBC recently that going public was not on his list of priorities. PayPal Holdings (which incorporates the flagship product PayPal and its services, in addition to other firms like Venmo) is currently a publicly traded company, with a market cap of around $40 billion.
PayPal’s stock rose barely after reports of Stripe’s interest in an acquisition. Stripe declined to comment.