PayPal Holdings is reportedly conducting advanced negotiations for a potential sale to a consortium including payments competitor Stripe and private-equity firm Advent International. The company's board rejected a previous offer in July as insufficient. That proposal valued the company at $60.50 per share.
Both parties are currently seeking a higher valuation for the fintech firm. A formal agreement could materialize within weeks, though no deal is certain.
The reports triggered a rise in PayPal's stock price. These discussions follow a leadership change at the company earlier this year. This potential acquisition represents a landmark event for the payments sector.