Stripe and Advent Offer $53 B Buyout, Putting PayPal CEO Lores on Edge
Stripe and private‑equity firm Advent have submitted a cash offer of $60.50 per share, valuing PayPal at about $53.4 billion. The bid gives the board a meeting as early as July 20, forcing new CEO Enrique Lores to weigh a sale against his turnaround plan.