Business
Stripe and Private-Equity Firm Advent Offer to Buy PayPal
Stripe and buyout firm Advent International made a joint takeover bid for PayPal PYPL 2.18%increase; up pointing triangle Holdings in a deal that would value the fintech company at around $53 billion, according to people familiar with the matter.
The approach was made in recent days, they added. Stripe and Advent proposed paying $60.50 a share for PayPal, the people said, about a 30% premium above PayPal’s closing price Friday.
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