AI & stablecoins: PayPal fits a gap in Stripe’s horizontal integration strategy
Stripe is partnering with private equity firm Advent International to make a joint offer for PayPal at $60.50 per share, valuing the company at more than $53 billion, according to a Reuters report. This represents a 28% premium on PayPal’s stock price, with each of the companies taking an equal stake and no plans to…
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