PayPal (PYPL) soared 7.6% after a report that Stripe is considering an acquisition of all or parts of the company.
Payment processing firm Stripe has indicated preliminary interest in a potential purchase of Stripe or its assets, according to a Bloomberg report on Tuesday, which cited people familiar with the matter. The deliberations are still early, and there’s no certainty they’ll lead to a deal.
Stripe declined to comment to Bloomberg. PayPal didn’t immediately respond to a request for comment.
The latest news comes after PayPal (PYPL) shares soared 6% on Monday after a Bloomberg report that PayPal had piqued the interest of some potential acquirers.