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Enrique Lores

Coverage of Enrique Lores in the Nexus archive.

Earliest in view: Jun 16 · 19:53 UTCMost recent: Jul 15 · 16:16 UTC
Co-mentioned in this coverage
PayPalorganization2Stripeorganization1Advent Internationalorganization1CNBCorganization1Bloombergorganization1Reutersorganization1Wall Street Journalorganization1PayPal Venturesorganization1Jefferiesorganization1Alex Chrissperson1Plaidorganization1Anchorage Digitalorganization1Venmoorganization1
Recent coverage
  • BUSINESSJul 15 · 16:16 UTCWSOC ABC CHARLOTTE
    Stripe, Advent make $53.4B takeover offer for PayPal

    Stripe and Advent International have jointly offered to acquire PayPal for $53.4 billion, with a $60.50 per share cash offer. The deal includes $17 billion in equity from Stripe and Advent, $50 billion in committed bank financing, and a 28% premium to PayPal's recent share price. PayPal's board is expected to meet on July 20 to discuss the offer, which comes as the company navigates a turnaround under new CEO Enrique Lores.

  • BUSINESSJun 16 · 19:53 UTCFORTUNE
    Exclusive: PayPal winds down venture arm as fintech giant restructures under new CEO

    PayPal is shutting down its 10-year-old venture arm, PayPal Ventures, as part of a corporate restructuring under new CEO Enrique Lores. The venture team’s headcount has dropped from over 10 to two, and the company is exploring the sale of some positions via investment bank Jefferies. The previous CEO, Alex Chriss, was ousted in February due to declining stock performance and competitive pressures.