Stripe and Advent propose to acquire PayPal for more than $53 billion

Golden Finance reported that on July 15, two people with knowledge of the matter said that 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. The transaction would value the payment company at more than $53 billion. The insiders said the offer was submitted earlier this month and is supported by commitments for financing of about $50 billion from banks, representing a premium of about 28% over PayPal’s Tuesday closing price. (Jin10)
PYPL15.95%
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