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PayPal Stock Jumps as Stripe, Advent Reportedly Make $53 Billion Buyout Offer
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
Stripe and Advent International have reportedly offered $60.50 per share to acquire PayPal, valuing the payments company at more than $53 billion. The proposed deal, backed by about $50 billion in committed bank financing, would see Stripe and Advent each hold a 50% ownership stake if completed. PayPal shares surged about 15% following the report. The parties are seeking to advance discussions, though there is no certainty a transaction will be completed.
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