PayPal not in sale talks with Stripe, says Semafor

PayPal is not currently in discussions to be acquired by online payments company Stripe, according to online news outlet Semafor. The outlet reported that PayPal's management has been working with banks for several months to prepare for unsolicited takeover bids or activist fund campaigns. This follows an earlier report from Bloomberg which stated that Stripe was considering an acquisition of PayPal, with discussions in their early stages.