PayPal shares surge 16% in premarket on reported $53 billion Stripe and Advent takeover offer
Shares of PayPal Holdings Inc jumped 16% in premarket trading on a reported joint offer from Stripe and Advent International at $60.50 per share. The bid, as reported, would value the payments company at more than $53 billion.
Key takeaways
- PayPal shares jumped 16% in premarket trading following a report of a joint takeover offer.
- Stripe and Advent International reportedly made a joint offer of $60.50 per share for PayPal Holdings Inc.
- The reported bid would value PayPal at more than $53 billion.
- Stripe, Advent International, and PayPal have not confirmed the reported terms, and no party had issued a public statement as of this writing.
- The offer is attributed to unnamed sources and remains unconfirmed, with no conditions, regulatory filings, or timeline disclosed.
Shares of PayPal Holdings Inc jumped 16% in premarket trading on a reported joint offer from Stripe and Advent International at $60.50 per share. The bid, as reported, would value the payments company at more than $53 billion.
The reported bid
Stripe and Advent International are said to have made the offer jointly to acquire PayPal Holdings Inc. The $60.50 per share price is the headline figure attributed to the bid. At that level, the total deal value would exceed $53 billion, according to reports.
The joint structure of the approach, two buyers acting together, was described in the report. How ownership of PayPal Holdings would be split between Stripe and Advent International following any completed deal was not disclosed. No conditions, regulatory filings, or timeline appeared in the report.
None of the named parties has issued a public statement as of this writing. Stripe, Advent International, and PayPal Holdings have not confirmed the reported terms.
Premarket reaction
PayPal Holdings shares were up 16% before the open following the report. The move corresponds to the reported offer of $60.50 per share and an implied deal value the report placed above $53 billion. No volume data accompanied the premarket figures.
The offer, attributed to unnamed sources, remains unconfirmed.