PayPal Stock Surges on Reports of Joint Buyout Offer from Stripe and Advent International
PayPal's stock surged in premarket trading after reports indicated that fintech giant Stripe and private equity firm Advent International have made a joint buyout offer for the company. The reported $60.50 per share price, or approximately $53 billion total, represents a significant premium over PayPal’s recent closing price.
Tickers: $PYPL
Topics: Advent International fintech PayPal private equity Stripe