Stripe and Advent in Renewed Talks to Buy PayPal

Stripe and Advent International are again negotiating to buy PayPal, offering more than the $60.50 per share PayPal's board turned down in July as too low, per the Wall Street Journal. The buyers have $17 billion in funding ready and could announce a deal within weeks. PayPal's stock had been near record lows, down about $320 billion from its pandemic-era high.