PayPal CEO Enrique Lores’ turnaround plan for the fintech company could include a sale — of itself.

On July 1, Stripe and Advent, a large private equity firm, made an offer to buy PayPal for $60.50 per share. The Wall Street Journal noted at the time that this would have made the deal worth $53 billion.

PayPal said no. But apparently, negotiations never stopped and a deal could come together in the coming weeks, according to new reporting by the WSJ, which cited unnamed sources.

PayPal didn't want to say anything about the story. A representative for Stripe said that the business does not "comment on rumors or speculation."

The talks are going on while Lores tries to save the company from falling behind schedule.

When Lores left HP years ago, she went to work for PayPal in March. As part of his plan to turn things around, Lores shuffled the company's executives and split it into three working models in April. These were checkout solutions and PayPal, consumer financial services (including Venmo), and payment services and crypto. In the following month, Lores told investors that PayPal would "recommit to the fundamentals," which meant "becoming a technology company again."

As part of PayPal's plan to turn things around, the company will cut jobs by 20% over the next two to three years in order to save money.

PayPal was started in 1998 by a number of men who went on to be Silicon Valley luminaries, including Peter Thiel, Elon Musk, Max Levchin, Luke Nosek, and others. The company has had a hard time lately, after growing quickly during the pandemic because of a rise in online shopping.