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PayPal rejects $53 billion buyout as CEO bets on Venmo turnaround

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  • PayPal rejected a roughly $53 billion buyout proposal from Stripe and Advent International.
  • $60.50 per share valued the rejected offer, while the board sought approximately $70.
  • Enrique Lores is restructuring Venmo, PayPal’s divisions and its global operations independently.
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