PayPal Unlikely to Accept $53 Billion Takeover Bid from Stripe and Advent
Stripe and private equity firm Advent made a $53 billion takeover bid for PayPal, but it is unlikely to be accepted. The offer has boosted PayPal's shares by 17%, though the company faces challenges including slowing growth in its checkout services and competition from rivals like Apple Pay and Google Pay.
Topics: acquisition Advent market cap PayPal Stripe