Stripe, Advent Offer to Buy PayPal For More Than $53 Billion
· beauhd; acquisitions dept
AI Briefing
- Stripe and Advent offer $60.50-per-share bid to buy PayPal, valuing company at over $53 billion.
- Offer represents 28% premium to PayPal's latest closing price and backed by $50 billion in financing.
- Bid is reportedly joint effort between Stripe and private equity firm Advent International.
Source Summary
Stripe and private equity firm Advent International have reportedly made a joint $60.50-per-share offer to buy PayPal, valuing the payments company at more than $53 billion. The bid is said to represent a 28% premium to PayPal's latest closing price and is backed by roughly $50 billion in committed bank financing. Read more of this story at Slashdot.
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