PayPal might not be looking to sell itself, report

PayPal whitethorn not beryllium pursuing an acquisition, Semafor reported, citing radical acquainted with the matter. 

Earlier this week, Bloomberg reported that Stripe expressed interest successful buying immoderate oregon each of PayPal Holdings, which includes the flagship merchandise PayPal and its services, arsenic good arsenic different companies similar Venmo. Stripe declined to remark connected the news. 

But unnamed sources archer Semafor that the institution has been moving with bankers successful mentation for a imaginable activistic capitalist run oregon a hostile takeover. The bankers were moving with Alex Chriss, PayPal’s now-ousted CEO, the outlet reported. The company’s caller CEO starts adjacent week, PayPal has said. 

PayPal did not respond to TechCrunch’s petition for comment.