Reports of Stripe and Advent International's $53 Billion Bid for PayPal Spark 15% Pre-Market Surge
Deep News
Jul 15
Reports emerged on Wednesday that payments firm Stripe and private equity giant Advent International are planning a joint bid to acquire PayPal, with the potential deal valued at $53 billion, sending PayPal's shares soaring in pre-market trading.
Reuters reported on Wednesday, citing two sources familiar with the matter, that payments company Stripe and private equity firm Advent International are planning to acquire PayPal at a price of $60.50 per share, valuing the entire company at over $53 billion.
Following the release of this news, PayPal's latest pre-market share price surged by 15%.
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