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Stripe and Advent International Bid More Than $53 Billion for PayPal
ZeroHedge reported that Stripe and Advent International submitted a bid exceeding $53 billion for PayPal earlier this month. The $60.50 per share offer carries a 28 percent premium and is backed by $50 billion in bank financing. PayPal shares rose 20 percent in premarket trading on July 15.
Jul 15, 7:45 AM·1m read1 source
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Stripe and Advent International offered more than $53 billion to acquire PayPal, ZeroHedge reported, citing Reuters. The bid of $60.50 per share was submitted earlier this month and is backed by about $50 billion in committed bank financing. The offer represents a roughly 28 percent premium to PayPal's Tuesday closing price.
PayPal shares rose 20 percent in premarket trading on July 15, marking the largest single-day jump since at least 2015. PayPal shares currently trade near the lows recorded in 2015. The company reached a peak of $308 in July 2021, leaving the proposed price still about 80 percent below that level.
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