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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.
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