How PayPal went from Wall Street favorite to unwilling merger target - Reuters
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- Stripe and Advent made a $53 billion takeover offer for PayPal, sending PayPal's stock soaring, per CNBC's headline.
- PayPal's CEO, tasked with fixing the company, now has a new option: selling it for billions, per WSJ's headline.
Why it matters: A $53 billion bid from Stripe and Advent would mark a dramatic fall for a company once viewed as a Wall Street favorite, giving long-suffering PayPal shareholders a potential exit and reshaping the competitive landscape in digital payments.
