PayPal in talks with Stripe over buyout: WSJ

PayPal (PYPL) stock moved higher into the close after the WSJ reported that the company is in talks with Stripe and private-equity firm Advent about a sale.

It was Stripe and Advent in July that offered $60.50 per share for PayPal, with PayPal reportedly rejecting that amount as too low.

They’ve since been in negotiations, according to the story.

PYPL closed Friday’s session higher by 1.8% at $61.66.

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