PayPal CEO Enrique Lores’ turnaround plan for the fintech company could include a sale — of itself.
The prospect first popped in July when Stripe and private equity giant Advent offered to buy PayPal for $60.50 a share in a deal that would have valued it at $53 billion, the Wall Street Journal reported at the time.
PayPal balked. But apparently, negotiations never stopped and a deal could come together in the coming weeks, according to new reporting by the WSJ, which cited unnamed sources.
PayPal declined to comment on the report. A Stripe spokesperson said the company doesn’t “comment on rumors or speculation.”
