PayPal stock ticks up in premarket as Stripe takeover talk hangs over PYPL
PayPal shares rose 0.2% to $47.41 in premarket trading Thursday after reports that Stripe is considering a takeover or asset purchase. Both companies declined to comment. The move follows PayPal’s new embedded-payments partnership with Rainforest and comes ahead of its May 5 earnings call. Stripe was valued at $159 billion in a recent tender offer.