Business & Economy · 86 views
PayPal’s battered stock is getting a record boost from a report of buyout interest
Shares of PayPal, the struggling payments processor, were having their best day ever on Wednesday, after the release of a report that rival Stripe is teaming up with private-equity group Advent International on a bid.
AI Summary
Shares of PayPal surged to their highest level on Wednesday after a report surfaced that Stripe is partnering with private‑equity firm Advent International to pursue a bid for the payments processor. The announcement came as PayPal’s stock had been under pressure, making the rally a record‑setting day for the company.
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