PayPal Faces Joint Takeover Bid from Stripe and Advent International
PayPal is reportedly fielding a joint takeover offer worth over $53 billion from payments giant Stripe and private equity firm Advent International. The bid, valued at $60.50 per share—a 28% premium—has caused PayPal's stock to rise nearly 16% in premarket trading on July 15.
Tickers: $PYPL
Topics: Advent International PayPal stock movement Stripe takeover offer