JPMorgan and Morgan Stanley will provide $50 billion in financing for PayPal’s acquisition deal

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Odaily Planet Daily reports that sources say JPMorgan and Morgan Stanley will provide $50 billion in acquisition financing for the PayPal acquisition and also serve as advisers. Previously on the 15th, Stripe and Advent International jointly proposed acquiring PayPal at $60.5 per share, valuing the overall deal at over $53 billion, which is a premium of about 28% over PayPal’s Tuesday closing price. Behind the deal is approximately $50 billion in financing support pledged by multiple banks. Under the transaction plan, Stripe and Advent International will each hold half of PayPal’s shares.
JPM-1.13%
MS-4.45%
PYPL2.21%
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