Stripe and Advent Offer $60.50 per Share to Acquire PayPal; PYPL Surges 15% Overnight

PYPL15.75%
According to Reuters, Stripe and Advent International made an offer overnight on July 15 to jointly acquire PayPal for $60.50 per share, sending PYPL stock up nearly 15% in after-hours trading. The deal values PayPal at over $53 billion, representing a 28% premium over its last closing price. The proposed transaction would result in Stripe and Advent each holding an equal stake, with about $50 billion in committed financing from banks backing the agreement.
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