Fast Company
US · 49 mins ago
PayPal stock is skyrocketing after Stripe and a private equity firm reportedly made a buyout offer
Shares in PayPal Holdings (Nasdaq: PYPL) are skyrocketing in premarket trading this morning after a report that the legacy digital payments platform has received a joint buyout offer from one of today’s most successful fintech companies and a major private equity firm. Here’s what you need to know.
What’s happened?
Early this morning, Reuters reported that the fintech giant Stripe and the private equity giant Advent International have offered to buy PayPal for well above its closing stock price…
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