PayPal Surges on Reported $53B Takeover Offer from Stripe and Advent International
PayPal's stock surged nearly 19% following reports of a joint takeover offer by Stripe and Advent International valued at over $53 billion. The bid, reported to be backed by $50 billion in committed financing, offers $60.50 per share—a 28% premium on PayPal’s previous close—though it remains unconfirmed as an official proposal.
Topics: Advent International payment sector PayPal stock price movement Stripe