Payments firm BILL is exploring a sale, sources say

BILL Holdings

11/11/2025 23:48

Nov 11 (Reuters) - Payments firm BILL Holdings BILL.N is exploring a sale, two sources familiar with the matter told Reuters on Tuesday.

Shares of the company — which has a market capitalization of $4.66 billion, according to data compiled by LSEG — rose 14% in after-hours trading.

San Jose, California-based BILL is working with a financial adviser to solicit buyer interest, the sources said.

The talks are at an early stage, the sources said, adding that there is no guarantee of a deal.

BILL Holdings did not immediately respond to a Reuters request for comment.

Bloomberg News had earlier reported the potential sale.

The development comes just over two months after Reuters reported that activist investor Starboard had built an 8% stake in the company, along with nominating four directors to its board to push the financial automation software company to improve shareholder returns.

Elliott Investment Management has built a stake of roughly 5% in BILL as well.

 (Reporting by Ateev Bhandari in Bengaluru and Milana Vinn; additional reporting by Juby Babu in Mexico City; editing by Alan Barona)

 ((Ateev.Bhandari@thomsonreuters.com))