Why PayPal Stock Just Went to the Moon
PayPal stock got cheap, and now private companies want to own it.
Overview
PayPal Holdings (NASDAQ: PYPL) stock exploded 17.1% higher through 10:35 a.m. ET Wednesday on reports the e-payments company has received a buyout offer from privately held companies Stripe and Advent, perhaps with assistance from publicly traded Block (NYSE: XYZ).
The reported buyout price: $53 billion.
Image source: PayPal.
Details
Source
Originally published at www.fool.com.
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