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