Stripe and Advent International Make $53 Billion Offer for PayPal
Stripe, along with private equity firm Advent International, has made a joint offer to acquire PayPal at $60.50 per share, valuing the company at over $53 billion. The bid includes $50 billion in committed financing and represents a 28% premium on PayPal's recent closing price.
Tickers: $PYPL
Topics: payments private equity stock market