Irish billionaire entrepreneur; co-founder and CEO of Stripe
Stripe and Advent are pressing forward with a potential bid to jointly acquire PayPal, valuing the payments giant around $53-60 billion and backed by roughly $50 billion in bank financing. PayPal has not yet responded as discussions continue, with experts noting the deal would create a dominant dual-powered payments group.
A prominent AI-focused hedge fund has faced a dramatic unwind as its momentum-driven bets unravel, forcing asset sales and triggering collateral calls. Citadel has stepped in to acquire many of the fund’s publicly traded holdings, while the fund continues to hold private investments, including a stake in Anthropic.