Stripe and Advent International Reportedly Offer Over $53 Billion for PayPal
Payments companies Stripe and private equity firm Advent International have reportedly submitted a joint bid to acquire PayPal at $60.50 per share, valuing the company over $53 billion. The offer represents a 28% premium on PayPal's recent closing price but remains unconfirmed by the involved parties.
Tickers: $PYPL
Topics: corporate_takeover digital_payments payments private_equity