Quartz·1 min read·medium
Stripe and Advent International are offering to acquire PayPal in a $53 billion deal
✦AI Summary
Stripe and Advent International have proposed a $53 billion acquisition of PayPal. The bid offers a 28% premium over PayPal's recent closing price and is supported by significant bank financing.
The $60.50-per-share bid, backed by about $50 billion in bank financing, represents a 28% premium to PayPal's closing price Tuesday
businesstechnology
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