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PayPal's New CEO Rejects $50B Buyout to Pursue High-Stakes Transformation Including A Venmo Revamp, Says Report

PayPal (PYPL) CEO Enrique Lores is charting an independent path forward for the payments pioneer, choosing to rebuild the company rather than sell it following a stalled buyout attempt valued at over $50 billion, according to an exclusive report by The Wall Street Journal.Lores, the former HP execu…

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