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Stripe Explores Potential Acquisition of PayPal
Reports have emerged that Stripe is exploring a potential acquisition of PayPal. If the deal proceeds, it would be the largest fintech acquisition in history, bringing together two payment processing giants that collectively handle hundreds of billions in transactions every year.
Bloomberg reported the news, citing people familiar with the matter, and said the discussions are in early stages.
Stripe recently reached a record private valuation of $159 billion, up from the $91.5 billion just a year ago. Meanwhile, PayPal has struggled with a multi-year slump, with its market cap currently sitting around $43 billion.
If the acquisition does happen, it would create an undisputed global payments superpower. Stripe would gain instant access to over 400 million active PayPal users and the Venmo network, effectively owning both the merchant side and the consumer wallet.
The post Payments Processor Stripe Explores Potential Acquisition of PayPal appeared first on Danny the Deal Guru.
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