Stripe and Advent Submit $53 Billion PayPal Takeover Bid

TLDR: The PayPal takeover bid values the payments company above $53 billion and offers shareholders $60.50 for each share they hold. Stripe and Advent secured about $50 billion in committed bank financing and would each hold an equal ownership stake. PayPal has not responded to the approach, while people familiar with the talks said no [...]

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