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Stripe and Advent Plan to Acquire PayPal for Over $53 Billion
Svmuu News: Payment company Stripe and private equity firm Advent International have jointly made a takeover bid for PayPal, offering $60.50 per share—a valuation of over $53 billion and a premium of approximately 28% over PayPal’s closing price on Tuesday. The offer, submitted earlier this month, is backed by approximately $50 billion in committed financing from banks. Stripe and Advent had preliminary discussions in early April and have not yet received a response from PayPal; the two parties are seeking to reach an agreement by the end of this month. Under the proposal, Stripe and Advent would jointly hold PayPal, each with a 50% stake, rather than spinning off the company.
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Source：Odaily · Source Link
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