You can Venmo your college tuition, for some reason
Kids these days don’t know how good they have it.
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Talks to sell PayPal to Stripe and Advent are heating up
PayPal is still reportedly negotiating a potential sale to Stripe and private equity firm Advent, as the fintech firm’s new CEO attempts to turn the company around.
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PayPal says it’s ‘becoming a technology company again’ — that means AI
PayPal is pitching an AI-led turnaround, tying automation and restructuring to $1.5 billion in savings as it cuts jobs and works to modernize its tech stack.
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Venmo’s biggest makeover in years comes at a very interesting time
The timing is notable. PayPal, which owns Venmo, is restructuring to spin Venmo off as a stand-alone business unit — a move widely seen as laying the groundwork for a potential sale. Stripe has reportedly expressed interest in buying PayPal outright.
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Stripe and Advent reportedly offered to buy PayPal for around $53.4B
If completed, the acquisition would unite two of the biggest names in digital payments.
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PayPal leaves the door open to a higher takeover offer following earnings beat
After reporting better-than-expected Q2 results, PayPal said it remains focused on its AI-driven turnaround, but would consider a deal that creates more value for shareholders.
