TLDR Tech / Fintech
Stripe and Advent talks to acquire PayPal are heating up
Stripe and Advent are reportedly still negotiating a potential acquisition of PayPal after their initial $60.50-per-share offer valued the company at roughly $53 billion, with a deal potentially coming together in the coming weeks. The talks come as CEO Enrique Lores pursues a broad turnaround that includes reorganizing PayPal into three operating units, refocusing on technology and AI, and cutting costs through a planned 20% workforce reduction.
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