Stripe CEO Patrick Collison pictured at the Stripe Young Scientist and Technology Exhibition at the RDS in Dublin last month. Photo: Brian Lawless/PA
Patrick and John Collison’s payment processing firm Stripe is considering an acquisition of all or parts of PayPal Holdings Inc, according to people familiar with the matter.
Stripe, which is privately held and is among the industry’s most valuable companies, has expressed preliminary interest in a potential acquisition of the digital payments pioneer or its assets, the people said, asking not to be named because the matter is private.
The deliberations are still early and there’s no certainty they’ll lead to a transaction, the people said, asking not to be identified discussing confidential information. A representative for Stripe declined to comment. A representative for PayPal didn’t immediately respond to a request for comment.
(Bloomberg)