Three deals broke in three days and all three told the same story.

Stripe and Advent International submitted a $53 billion joint bid for PayPal at a 28% premium, backed by $50 billion in committed bank financing — the largest fintech deal in years, driven by stablecoin consolidation and Venmo's 400 million users.

EQT's Scaleup Europe Fund entered talks to lead Mistral's Series D at a €20 billion valuation, potentially the fund's first flagship deployment since launching in June.

And SAP paid over €1 billion for Prior Labs, a German AI research company founded just 18 months ago.

Europe also raised €2.8 billion across 70 tech deals in a single week, led by an AI infrastructure credit facility, a fusion energy record, and a fintech lending round.

This week in SIGNALS.

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