A $53 billion lifeline? Stripe and Advent reportedly team up to bid for battered PayPal.
A $53 billion lifeline? Stripe and Advent reportedly team up to bid for battered PayPal.

PayPal rallied in premarket trading Wednesday after reports that rival payments processor Stripe is teaming up with private-equity firm Advent International to bid for the struggling company.

The reported bid values PayPal at $53 billion.

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