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PayPal leaves door open for acquisition after Stripe reports
xCruzo Brief
PayPal left the door open to a potential sale after its quarterly results beat analyst expectations amid reports that Stripe has made an offer. CEO Enrique Lores said on a Tuesday earnings call that the company “doesn’t comment on market speculation,” but added, “We remain open and objective” if any offer could “create superior value” for shareholders. The Reuters-reported Stripe bid would be $60.50 per share, valuing PayPal at about $53 billion. PayPal’s shares jumped roughly 26% over the past month. For the quarter ended June 30, PayPal posted $8.68 billion in revenue (+5%) and net income of $1.104 billion, while raising its 2026 outlook.
xCruzo quick-read summary • Source: American Banker • Read the full article for complete information.
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