PayPal Stock Jumps as Stripe, Advent Reportedly Make $53 Billion Buyout Offer

The post PayPal Stock Jumps as Stripe, Advent Reportedly Make $53 Billion Buyout Offer appeared first on Coinpedia Fintech News

Stripe and Advent International have reportedly offered $60.50 per share to acquire PayPal, valuing the payments company at more than $53 billion. The proposed deal, backed by about $50 billion in committed bank financing, would see Stripe and Advent each hold a 50% ownership stake if completed. PayPal shares surged about 15% following the report. …