Stripe and Advent to acquire PayPal (PYPL) for over $53 billion according to Reuters report
Stripe and Advent International have reportedly made a joint offer to acquire PayPal for over $53 billion, or $60.50 per share. This offer represents a significant premium over PayPal's recent stock performance, which has declined over the year amid increasing competition. Both companies would take a 50% stake if the deal closes, though PayPal, Stripe, and Advent have yet to comment.
- Entities
- Topic: Online Payments
- Company: Stripe
- Topic: Mergers and Acquisitions
- Company: Advent International
- Company: PayPal
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