Archive · 13 Nov 2025
Business Payments Firm Bill Holdings Explores Potential Sale Amid Investor Pressure
A company called Bill Holdings, which helps small businesses with payments and managing their expenses, is thinking about selling itself.
This is happening because a big investor, Starboard Value, is putting pressure on the company.
Bill Holdings has been having a tough time lately because customers aren't spending as much, and there's a lot of competition.
The company is talking to financial advisors to see if bigger companies or investment firms would want to buy it.
However, they haven't made a final decision and might decide to stay on their own.
The stock price went up a bit on this news, but it's still down for the year.
This is happening at a time when many other payment companies are being bought by larger ones.
Business-payments firm Bill Holdings Inc. is exploring a potential sale.
The company is working with a financial adviser to solicit interest from potential buyers.
Bill Holdings faces pressure from activist investor Starboard Value LP and is dealing with lower customer spending and competition.
The company's shares jumped as much as 16% on Wednesday but are down 45% for the year.
Bill Holdings provides payments and expense-management services to hundreds of thousands of small and midsize businesses.
- Who
- Business payments firm Bill Holdings Inc.
- What
- Exploring options including a potential sale
- When
- Currently exploring options; investor day planned for first half of 2026
- Where
- San Jose, California (headquarters); New York (trading)
- Why
- Under pressure from activist investor Starboard Value LP, grappling with lower customer spending and intense competition
- Company
- Bill Holdings Inc.
- Industry
- Business Payments and Expense Management
- Location
- San Jose, California
- Market Value
- Approximately $5.24 billion
- Recent Stock Performance
- Up 12% on Wednesday, but down 45% year-to-date
- Activist Investor
- Starboard Value LP