Stripe and Advent submit $53 billion bid to acquire PayPal

6 sourcesFirst reported 7 days agoUpdated 6 days ago

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What all sources covered

Stripe and Advent International have submitted a joint bid to acquire PayPal for approximately $53.4 billion.
The offer, which includes about $50 billion in committed bank financing, was reportedly made earlier this month.
PayPal has shown reluctance to engage with the acquisition proposal thus far.
Following the news of the bid, PayPal's stock price surged by 15% in pre-market trading.
The bid represents a 28% premium over PayPal’s closing price before the announcement.

6 sources

Who reported first

CointelegraphFirst

Finextra+34m

Naftemporiki+38m

CoinDesk+2h

TechCrunch+7h

CoinDesk+1d

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