Irish Billionaire Collison Brothers Launch $53bn Takeover Bid for PayPal
The Irish billionaire Collison brothers have initiated a $53 billion takeover bid for PayPal, in partnership with private equity firm Advent International. The offer represents a 28% premium to PayPal's recent closing price and is backed by significant bank financing despite the company not having engaged with it yet.
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Topics: billionaire founders payments PayPal private equity Stripe