PayPal Shares Rise Premarket on Reports of $53 Billion Acquisition Offer
PayPal shares surged nearly 19% in premarket trading following reports that Stripe and Advent International have jointly offered to acquire the company for over $53 billion. The proposed offer values PayPal at $60.50 per share, a near-28% premium on its recent closing price.
Tickers: $PYPL
Topics: Advent International PayPal Stock Market Reaction Stripe