Stripe Bids $53 Billion for PayPal in Cash Offer
Stripe has made an unsolicited cash offer of $53.4 billion to acquire PayPal at $60.50 per share, causing a 15% rise in PYPL's stock price and drawing attention from the fintech sector. The deal is backed by private equity firm Advent and includes financing commitments totaling around $67 billion.
Tickers: $PYPL
Topics: fintech PayPal private-equity Stripe