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Nick van Eck
@Nick_van_Eck
Bringing the world’s money onchain 💸 | CEO and Co-Founder @withAUSD | prev General Catalyst
加入 November 2021
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The most entertaining outcome is the most likely. Several notable crypto startups have been moving off/away from Stripe (they finally realized they are their biggest competitor/can squeeze them). Some have been cozying up to PayPal as an alternative. Thanks for playing.
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BREAKING: @Stripe and @adventintl are (officially) trying to buy @PayPal 👀 ▶️$53.4B joint offer — $60.50/share cash, ~28% premium ▶️~$50B in bank financing lined up (@JPMorgan, @MorganStanley) ▶️Stripe + Advent would co-own PayPal 50/50, no breakup planned ▶️PayPal's board reportedly thinks the price is too low, hasn't formally responded ▶️Possible fallback: spin off Braintree to Advent to ease antitrust concerns ▶️Backdrop: PayPal stock down 40%+ from highs, brutal "transition year," CEO ousted ▶️Stripe just hit a $159B valuation and wants @Venmo, consumer payments, agentic commerce assets
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