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PayPal Draws $53 Billion Takeover Bid From Stripe and Advent

Stripe has teamed up with private equity firm Advent International to make a play for one of its oldest rivals, PayPal. The two submitted a joint bid of $60.50 per share, a 28% premium to PayPal’s closing share price of $47.37 on Tuesday, which the company has so far left unanswered. Why PayPal Became a

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