MarketPR
A joint offer from Stripe and Advent International has put PayPal (PYPL) in focus, with the bid priced at $60.50 per share and the total deal value placed above $53 billion. PayPal shares surged on the report.
A formal response from PayPal's board is the setup's first confirmable step. The bid on the table The number is $60.50. The deal size exceeds $53 billion.
Stripe is a private payments company with direct competitive overlap with PayPal in digital transactions, which gives the bid a strategic dimension a solo financial sponsor would not carry.
Advent International is a private equity firm.
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