Paypal
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PayPal lays off about 20% of its employees in Israel
International payment giant PayPal is cutting approximately 70 out of 300 staff members at its Israeli R&D center. The move is part of a global efficiency plan aimed at saving $1.5 billion annually.
Cuts in local high-tech: layoffs at Bizzabo and PayPal
The Israeli company Bizzabo and the payment giant PayPal have announced staff reductions. The layoffs at both companies are part of global operational efficiency programs.
Stripe and Advent Abandon Deal to Acquire PayPal
Payment company Stripe and investment fund Advent International have decided to withdraw from the planned acquisition of PayPal. Following the news, PayPal shares fell by 15% in pre-market trading in New York.
A giant deal on the way? Stripe in talks to acquire PayPal
According to a report in the Wall Street Journal, Stripe and the investment fund Advent offered $60.50 per share for PayPal in July, based on a valuation of $53 billion, but were rejected. The parties are now discussing a higher price, and a deal could turn Stripe into one of the world's largest payment giants.