PayPal CEO Enrique Lores’ turnaround plan for the fintech company could include a sale — of itself.
The prospect first popped in July when Stripe and private equity giant Advent offered to buy PayPal for $60.50 a share in a deal that would have valued it at $53 billion, the Wall Street Journal reported at the time.
Originally reported by TechCrunch. Read the full story at the original source.
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The company will also be able to expand its fleet across more of the San Francisco Bay Area and Los Angeles.
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