Lightspeed, a leading payment technology company, is reportedly up for sale, with CEO Dax Dasilva open to relinquishing leadership as part of a deal. Sources told The Globe & Mail that Lightspeed has signed NDAs with several potential buyers, primarily fellow fintech firms like Clover, Intuit, Block, PayPal, and Shopify.
A sale isn’t confirmed, but Lightspeed has issued a statement about a strategic review aimed at maximizing its potential. The company’s stock price has surged since news of the potential sale emerged, and analysts believe a buyer could become a major player in the payments sector.
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