PayPal CEO Enrique Lores' turnaround plan for the fintech company could include a sale — of itself. The prospect first popped in July when Stripe and private equity giant Advent offered to buy PayPal for $60.50 a share. PayPal balked, but negotiations never stopped and a deal could come together in the coming weeks.
PayPal Talks to Sell to Stripe and Advent Heat Up
UKPulse Consumer DeskPayPal is reportedly negotiating a potential sale to Stripe and private equity firm Advent, as the fintech firm's new CEO attempts to turn the company around.
- PayPal is negotiating a potential sale to Stripe and Advent.
- The deal could value PayPal at $53 billion.
- PayPal's new CEO, Enrique Lores, is attempting to turn the company around.
Why this matters: The potential sale could impact PayPal's employees and customers.
What this means for you: If a deal is reached, PayPal employees and customers may see changes to the company's operations and services.