PayPal might not be looking to sell itself, report

Recent reports indicate that PayPal is not actively seeking a sale, as per insights from Semafor, which quoted sources familiar with the situation. This clarification comes on the heels of Bloomberg's earlier statement suggesting that Stripe was interested in acquiring part or all of PayPal Holdings, a conglomerate that includes the popular PayPal service along with Venmo and other subsidiaries. While Stripe has chosen to remain silent on the matter, sources suggest that PayPal has been collaborating with financial advisors to prepare for potential activist investor actions or even a hostile takeover. These discussions reportedly involved Alex Chriss, PayPal's former CEO, who was recently removed from his position. As PayPal gears up for a new chapter with its incoming CEO starting next week, the company has yet to issue a comment in response to inquiries from TechCrunch. The unfolding dynamics within PayPal suggest a critical period ahead as it navigates these developments.