PayPal Holdings (NASDAQ:PYPL) is taking over a stake in German digital commerce company Shopware AG from a Carlyle Group Inc. (NASDAQ:CG) fund, Bloomberg News reported on Tuesday, citing people with knowledge of the matter.
PayPal’s stake in Shopware will increase to about 41% from roughly 11% with the deal, said the people, who asked not to be identified discussing the private transaction.
PayPal and Carlyle previously invested $100 million in Shopware in February 2022.
