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Stripe and Advent International have jointly offered $60.50 per share to acquire PayPal Holdings Inc, according to reports. The bid would value the payments company at more than $53 billion.
PayPal shares rose 20% in premarket trading on the news. The joint offer The proposal pairs Stripe with Advent International in a combined approach for PayPal Holdings.
At $60.50 a share, the total deal value would exceed $53 billion, the reports indicate. None of the three parties had publicly confirmed the offer as of this report. Stripe is a private payments company.
Advent International is a private equity firm. Together they are the reported joint bidders for PayPal Holdings, a publicly traded payments company.
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