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But we saved everything 🙂.
Simon Taylor, co-founder at 11:FS, highlights that Stripe and Advent have made a bid exceeding $53 billion to take PayPal private.
According to Taylor, this represents the largest payments deal he has seen, with the offer valuing PayPal at $60.50 a share and marking a 28% premium. The deal is reportedly backed by around $50 billion in committed funds.
Taylor has previously covered other major fintech developments. He described Robinhood's launch of a 7% yield on dollars to 27.7 million customers via the USDG stablecoin. In another report, Taylor discussed Robinhood's new products, including perpetual contracts and stock tokens, based on comments from the company's leadership.