PayPal stock jumps on Stripe takeover talk — what’s next for PYPL
PayPal shares rose 6.7% after Bloomberg reported Stripe is considering acquiring all or parts of the company, though both firms declined comment. PayPal has reportedly met with banks following takeover interest from rivals after a stock slide. Enrique Lores will become CEO on March 1. PayPal also confirmed a data breach affecting about 100 customers tied to its Working Capital loan application.