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Enrique Lores

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Stripe Is Reportedly Circling PayPal — and a $53 Billion Bid Already Got Turned Down

Stripe and private equity firm Advent International are reportedly in talks to acquire PayPal, which previously rejected a $53 billion offer. The potential deal aims to combine their payment volumes and reduce reliance on Visa and MasterCard. The outcome hinges on a revised offer price, with PayPal's current CEO, Enrique Lores, working on a turnaround strategy.