Business
Wednesday, 7/15, 09:52 AM
Stripe and Advent make a $53 billion takeover bid for a battered PayPal
- The payments company Stripe and the private-equity firm Advent International have offered to buy PayPal for more than $53 billion, according to a Reuters report, a bid that sent PayPal's beaten-down shares up about 15% and could reshape the digital-payments industry.
- PayPal has not responded, and no deal has been struck.