Stripe and Advent International propose $53B acquisition of PayPal at $60.50/share, backed by $50B financing. Shares surge 15% on news of the joint takeover bid.
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Stripe and PayPal could combine payments networks and stablecoin infrastructure in a landmark fintech deal. Continue reading at DailyCoin.
PayPal takeover bid values the company above $53 billion as Stripe and Advent offer $60.50 per share, backed by $50 billion in bank financing.
Stripe and Advent International have bid $60.50 a share for PayPal, backed by $50bn of committed bank financing. PayPal has not replied.
Stripe has teamed up with private equity firm Advent International to make a play for one of its oldest rivals, PayPal. The two submitted a joint bid of $60.50 per share, a 28% premium to PayPal's closing share price of $47.37 on Tuesday, which the ...
Offer by payments start-up and private equity group comes at 28% premium to Tuesday's closing share price ...
Stripe and Advent International have made a joint offer to acquire PayPal Holdings Inc for $60.50 per share, in a deal that would value the payments company at more than $53 billion.
Stripe and Advent make a $60.50/share bid to buy PayPal, valuing it at $53B--a 28% premium.
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