Stripe and Advent Propose Acquisition of PayPal for Over $53 Billion

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On July 15, according to two informed sources, payment company Stripe and private equity firm Advent International have jointly proposed to acquire PayPal (PYPL.O) at a price of $60.50 per share, which would value the payment company at over $53 billion. The sources stated that the offer was submitted earlier this month and has secured approximately $50 billion in committed financing support from banks, representing a premium of about 28% over PayPal's closing price on Tuesday. (Jinshi)
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