Bloomberg: Stripe's valuation is expected to reach $140 billion in the new round of takeover bids

PANews February 10 News, according to Bloomberg, payment giant Stripe Inc. is arranging a takeover bid that would value the company at at least $140 billion, more than $300 billion higher than its approximately $107 billion valuation last year. Sources familiar with the matter said that the terms of the offer could still change. Stripe declined to comment. Since 2024, the company has frequently engaged in takeover bids to allow employees to sell shares without going public. This transaction indicates that Stripe may continue to delay its IPO process. Co-founder and President John Collison stated in January that he was satisfied with remaining private and was “still not in a rush to go public.” In January this year, Stripe laid off about 300 employees, approximately 3.5% of its total workforce, calling it part of a restructuring, and said it still plans to continue hiring and expanding its staff.