Reuters reported that payments giant Stripe and private equity firm Advent International have jointly proposed to acquire PayPal for $60.50 per share, implying a valuation of more than $53 billion. The offer represents a premium of about 28% over PayPal’s Tuesday closing price and has already received about $50 billion in bank financing support. The report said the two parties submitted the acquisition proposal earlier this month, after preliminary talks earlier in April this year, and have not yet received an official response from PayPal. Under the proposal, Stripe and Advent would co-own PayPal with 50% stakes each, rather than splitting the company. However, insiders said it is currently unclear whether the deal will ultimately be completed.