PayPal Surges on Takeover Bid from Stripe and Advent International
PayPal Holdings (NASDAQ:PYPL) surged nearly 17% following reports of a $60.50 per share takeover bid by Stripe and Advent International, significantly outperforming the broader market indices which saw modest gains. The stock's trading volume spiked to over four times its three-month average as investors reacted positively to the potential acquisition.
Tickers: $PYPL
Topics: digital_payments M&A_activity stock_market