PayPal Stock Surges on Reported Buyout Proposal
PayPal (PYPL) shares rose over 14% after reports indicated that Stripe and Advent International have proposed a $60.50 per share buyout, valuing the company at more than $53 billion. The deal would see both parties own equal stakes in PayPal.
Tickers: $AAPL $AFRM $PYPL $XYZ
Topics: M&A payments industry private equity