Stripe is reportedly eyeing deal to buy some or all of PayPal
The news comes the same day Stripe released its annual letter, giving updates on the business.
The investors buying employee shares this time around include Andreessen Horowitz and Thrive Capital.
Stripe will also buy back some stock, the letter said.
The latest valuation again makes Stripe one of the industry’s most valuable private companies.
PayPal Holdings (which includes the flagship product PayPal and its services, as well as other companies like Venmo) is currently a publicly traded company, with a market cap of around $40 billion. PayPal’s stock rose slightly after reports of Stripe’s interest in an acquisition. Stripe declined to comment
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