PayPal shares rose after reports that a West Coast technology company is considering an all-stock takeover offer for the fintech giant. The potential buyer has not been identified, but the speculation has renewed investor interest in PayPal, whose shares have been under pressure.
Earlier this year, a reported acquisition attempt by a consortium that included Stripe and Advent International fell through. The offer was reportedly valued at more than $50 billion. PayPal’s board is said to prefer an all-cash deal, a point of contention in the previous negotiations.