Technology · 40 views
Talks to sell PayPal to Stripe and Advent are heating up
PayPal is still reportedly negotiating a potential sale to Stripe and private equity firm Advent, as the fintech firm's new CEO attempts to turn the company around.
AI Summary
PayPal’s CEO Enrique Lores has hinted that the company’s turnaround strategy might involve a sale. The idea surfaced in July when Stripe and private‑equity firm Advent reportedly offered to purchase PayPal at $60.50 per share, valuing the company at about $53 billion.
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