CoinDesk·3 min read·medium
Stripe mounts blockbuster $53 billion bid to buy PayPal
J
Jamie Crawley
✦AI Summary
Stripe, in partnership with private equity firm Advent International, has launched a $53 billion acquisition bid for PayPal at $60.50 per share. While PayPal has reportedly been reluctant to engage, the offer represents a significant premium over its recent market valuation.
San Francisco-based Stripe made the $60.50-a-share offer in tandem with private equity firm Advent International, according to the report, which cited two people familiar with the matter.
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