Stripe, Advent offer to buy PayPal for more than $53B

Discussion (7 Comments)Read Original on HackerNews

digitaltrees•about 2 hours ago

Trying to create a monopoly before the lack of antitrust enforcement window closes.

toomuchtodo•about 2 hours ago

No reason it can’t be broken apart in the future. States will likely file suit, as twelve already have regarding the Paramount Warner deal.

chirau•about 2 hours ago

That would be quite a play. Stripe, PayPal, Venmo, Braintree, Xoom all under one umbrella. The Herfindahl-Hirschman Index (HHI) for online card-not-present (CNP) checkout on that is going to be absurdly high and this will take a lot of convincing to beat antitrust. They will probably have to unwind Venmo and Braintree.

SOLAR_FIELDS•about 1 hour ago

Convince who? There is no such thing as antitrust anymore in the USA, it’s merely the size of the bribe required to let the merger go through now

pstuart•about 1 hour ago

Gosh, with such efficiency of operations consumers will win because pricing of their services will be more efficient! Todays Feds will try selling that story.

lobito25•about 1 hour ago

2 poo companies

goofy_lemur•about 1 hour ago

I mean less competition is probably not good for anyone.

Stripe, Advent offer to buy PayPal for more than $53B

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Discussion (7 Comments)Read Original on HackerNews