Stripe and Advent offer $53 billion to acquire PayPal
Stripe and Advent International have proposed a $53 billion acquisition of PayPal Holdings Inc, offering $60.50 per share, which is a 28% premium over PayPal's recent closing price. The deal, backed by $50 billion in financing, aims to create one of the largest online payment companies, processing $3.7 trillion annually. Stripe and Advent are seeking to advance discussions with PayPal, which has not yet responded to the offer.