Insider: PayPal is not currently in talks to sell to Stripe

BlockBeats News, February 27th, according to sources familiar with the matter cited by the US financial media Semafor, PayPal is currently not in talks with Stripe or any other company regarding a sale, and has been working with investment banks for months to prepare for potential activist shareholder actions or unwelcome takeover bids.

Sources said that this move was initiated after a significant drop in PayPal's stock price, with management concerned that this could leave the company vulnerable. Bankers initially began working with PayPal during the tenure of former CEO Alex Chriss (who was dismissed earlier this year).