Steve Hanke earned the moniker “Money Doctor” after advising governments across the globe on how to use currencies to get inflation under control. The professor of applied economics at Johns Hopkins University is now helping Venezuela and has been named a special advisor to the country’s National Assembly. He told Fortune’s Shawn Tully that his
PayPal CEO Enrique Lores’ turnaround plan for the fintech company could include a sale — of itself. The prospect first popped in July when Stripe and private equity giant Advent offered to buy PayPal for $60.50 a share in a deal that would have valued it at $53 billion, the Wall Street Journal reported at
Stripe and private equity firm Advent International have reportedly made a joint bid to acquire PayPal in a deal valued at approximately $53.4 billion. Reuters reports that the offer was submitted earlier this month and is backed by approximately $50 billion in committed bank financing. Under the proposal, Stripe and Advent would jointly own PayPal,