JPMorgan Chase and Morgan Stanley will provide $50 billion in financing for the PayPal acquisition
Svmuu News: Sources say JPMorgan Chase, and Morgan Stanley will provide $50 billion in financing for the PayPal acquisition and serve as advisors.On the 15th, Stripe and Advent International jointly proposed to acquire PayPal at $60.50 per share, valuing the company at over $53 billion—a premium of approximately 28% over PayPal’s closing price on Tuesday—backed by approximately $50 billion in financing commitments from multiple banks.Under the proposed deal, Stripe and Advent International would each hold a 50% stake in PayPal.
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Source:Odaily · Source Link
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