BUZZ-Paysafe jumps after report payments firm weighing sale

Reuters

2025/02/07

** Shares of payments firm Paysafe PSFE.N jump as much as 21.7%; last up 15.1% at $22.80

** London-headquartered PSFE is working with a financial adviser as it explores options including sale, Bloomberg News reports, citing people familiar with the matter

** PSFE is also mulling potential disposal of non-core assets that could take place prior to the sale, the report says

** Co has a market capitalization of $1.20 bln as of last close - LSEG data

** PSFE went public in 2021 through a $9 bln blank-check deal backed by veteran investor Bill Foley

** Stock jumped 33.7% in 2024

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com;))

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