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Home›US Markets›M&A & Deals›PayPal shares surge on report of buyout interest tied…

PayPal shares surge on report of buyout interest tied to Stripe

MarketWatch said a report claims Stripe and private-equity firm Advent International are considering a bid, driving PayPal’s biggest day ever on Wednesday.

Reported · Written up by our desk · M&A & Deals

PayPal shares surged Wednesday as investors reacted to a report suggesting buyout interest in the struggling payments company, MarketWatch reported.

The outlet said the renewed speculation centers on rival Stripe teaming up with private-equity firm Advent International on a potential bid.

MarketWatch also noted the move lifted PayPal into what it described as the stock’s best day ever.

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Sources

MarketWatchPayPal’s battered stock is getting a record boost from a report of buyout interest
MarketWatchPayPal’s battered stock is getting a record boost from a report of buyout interest

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