PayPal Holdings Inc (NASDAQ:PYPL) shares closed higher on Thursday as deal chatter continued around a potential sale process.
PayPal Holdings shares are trending higher. Why are PYPL shares climbing?
What Is Driving PayPal’s Stock Higher?
A recent report says Stripe and Advent International are in talks to buy PayPal after a July proposal of $60.50 per share was viewed as too low, with negotiations now centered on a potentially higher price.
The same report said a deal could come together within weeks (though not guaranteed) and that the earlier $60.50 proposal valued PayPal at roughly $53 billion.
