Paysafe Stock Jumps on Report of Takeover Interest -- Barrons.com

Dow Jones

02-07

By Mackenzie Tatananni

Shares of Paysafe surged Thursday following a report that said the online payment service company was considering a sale after receiving takeover interest.

Shares rose 18% to $23.36 after Bloomberg reported that Paysafe was exploring its options with a financial advisor. The report cited people familiar with the matter.

Paysafe went public in March 2021 following a $9 billion merger with a blank-check company headed by businessman Bill Foley. The company is backed by Blackstone Group and CVC Capital Partners.

A Paysafe representative didn't immediately respond to a request for comment from Barron's.

This is breaking news. Check back for updates soon.

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

February 06, 2025 12:20 ET (17:20 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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