Stripe and Advent Offer $60.50 Per Share for PayPal, Valuing Deal Above $53 Billion

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According to Reuters, Stripe and Advent International made a joint offer earlier in July to acquire PayPal Holdings for more than $53 billion. The bidders offered $60.50 per share, representing roughly a 28% premium to PayPal's most recent closing price, with approximately $50 billion in bank financing arranged to support the transaction. Stripe and Advent are seeking to own PayPal in equal parts. PayPal has not responded to the offer, and there is no certainty that talks will lead to an agreement.
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